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Tag Archive for "corporate-insolvency-resolution-process-against-a-default-builder" -

CentrikBlogscorporate insolvency resolution process against a default Builder

Tag: corporate insolvency resolution process against a default Builder

Are Homebuyers Secured Financial Creditors or Unsecured Financial Creditors under IBC?

Posted by Adv. Abhinav DixitPosted on July 17, 2019July 17, 20190 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, RERA ConsultingTags corporate insolvency resolution process against a default Builder, corporate insolvency resolution process against a default company, corporate insolvency resolution process against a default Developer, difference between secured financial creditors and unsecured financial creditors, Homebuyers are Secured Financial Creditors under IBC, Homebuyers are Unsecured Financial Creditors under IBC

There has been no further clarification as to whether the home buyers are secured financial creditors or unsecured financial creditors, but in consideration of the recent developments, one thing is sure that the result will be in the interest of homebuyers only.

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