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Homebuyers Conundrum: Is there even a dispute between RERA and IBC?

September 3, 2020[2020] 119 14 (Article)
The Insolvency & Bankruptcy Code, 2016 (“the Code”) has been playing a major role in providing relief to the creditors from inefficient promoters/defaulters. Even in these stressed times the tribunals are functioning to protect the integrity of the Code. The most recent and highly debated issue is in respect of homebuyers being accorded the status of financial creditor pursuant to the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (“2019 Ordinance”)
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