VARUN VARMA AND AASHISH KHATTAR

Recognition of homebuyers under IBC: Is amendment ordinance 2019 invalid per se?

Prior to the advent of the Insolvency and Bankruptcy Code 2016 (herein referred as IBC), the homebuyer(s) were aggrieved to attain timely justice against the real estate developers’ lethargic conduct in the form of delaying the delivery of the possession of flat/homes due to part-construction or other akin issues. Even...