June 21, 2022
The Insolvency & Bankruptcy Board of India (IBBI) is actively looking at changes to India’s bankruptcy code, including a separate framework for dealing with insolvent real estate companies.
Dua Associates’ Angad Varma, Partner; Prashant Kumar Sr Principal; Toyesh Tewari Sr Associate & Mahima Singh Associate, in this article titled “Rights Of Homebuyers Under The IBC” trace the progress made in this regard and note that the NCLAT has recognised the difficulties faced by Homebuyers.Read on to find out how home buyers are being empowered by these changes.
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