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Home buyer can initiate CIRP against builder who did not refund booking amount on failing to give possession of flat

January 4, 2020[2019] 112 taxmann.com 346 (NCLT - New Delhi)
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IBC: Home buyers, who purchased residential flat is a financial creditor and can initiate CIRP against defaulting builder who had defaulted to refund booking amount on its failure to give possession of flat on time

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