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HOME BUYERS IBC
SC upholds IBC amendments mandating minimum threshold for insolvency process against developersHomebuyers had argued that this was discriminatory and placed homebuyers at a disadvantage as they would have to herd a minimum number befo...- Parliament passes amendments to IBCThe bill seeks to remove bottlenecks and streamline the corporate insolvency resolution process. It aims to provide protection to new owner...
- Home buyers file plea in SC challenging Insolvency & Bankruptcy Code amendment"The writ petition has been filed by 11 petitioners of 11 projects being constructed by Pioneer Urban Land & Infrastructure, Emaar MGF Land...
- Home buyers have filed over 1,800 cases under IBC: GovernmentCiting the information received from NCLT, Minister of State for Corporate Affairs Anurag Singh Thakur said that a total 1,821 cases have b...
- NCLT starts insolvency proceedings against Today Homes NoidaThere are many companies in Delhi-NCR which are facing insolvency proceedings, including Jaypee Infratech, because of default to home buyer...
- Home buyers welcome SC ruling, say move to help claim duesThere are around 1.74 lakh stalled housing units across the top seven cities and their buyers can now stake claims to their dues by initiat...
- SC upholds IBC amendments giving financial creditor status to homebuyersHomebuyers will have a say in Committee of Creditors and they can also initiate insolvency proceedings.
- ET View: Welcome tweaks in the bankruptcy codeThe changes, to be ratified by Parliament, will help clear backlog of pending cases.
- Insolvency law: Confusion over voting rights for realty companiesGovt has amended the Insolvency and Bankruptcy Code to treat homebuyers as financial creditors but the law mandates treating those abstaini...
- Are home buyers secured financial creditors or unsecured creditors under IBC?Under IBC the difference between secured financial creditors and unsecured financial creditors mostly has an implication on the priority of...
- Not easy for home buyer to recover from defaulting builder under IBC: NCLT President"Homebuyers, after becoming financial creditors, under the IBC (after amendments) may no be a happy lot," Justice Kumar said.
- Home buyers on par with other creditorsThe amended law has given home buyers an equal status as other creditors and allowed withdrawal of insolvency proceedings under certain con...
- IBBI amends norms, notifies procedures for home buyers under insolvency proceedingsThe IBBI Regulations have been amended following the government coming out with an ordinance amending the IBC in June.
- Here’s a lifeline for India's often neglected home buyersEffectively, the law now incorporates the on-ground reality, which is that home-buyers are not just customers but also a source of capital ...
- Government move to clear IBC amendments to expedite NPA cases: FicciEnabling MSME promoters to bid for their companies under the IBC resolution process will help in speedy resolution in a large number of cas...
- Home buyers treatment as financial creditors may impact realty sector asymmetrically: ReportBesides home buyers, the ordinance will benefit housing financing companies’ asset quality, especially developer-led originations, though w...
- ET View: Amend IBC to bring it in sync with RERAFor this, the government must amend the IBC to recognise the legitimate claim of home buyers. After all, they use their lifetime savings to...
- IBC panel suggests treating home buyers as financial creditorsThe 14-member Insolvency and Bankruptcy Code panel was constituted to review the working of the law and to address concerns around its impl...
- Insolvency law panel likely to finalise report this monthA rising number of cases involving stressed assets are being taken up for resolution under the Insolvency and Bankruptcy Code (IBC), which ...
- Insolvency cases may hit home financiersIn the present form, the IBC does not recognise the buyer of an under-construction housing unit of a company going into bankruptcy as a sec...
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