Belated claims by Homebuyers in a Corporate Insolvency Resolution Process: Admissible or not?
Introduction: The insolvency of a real estate developer often results in significant uncertainty and financial distress for homebuyers and unit-holders. Questions concerning possession, refund of monies paid, and overall recovery of investment take center stage when such entities are admitted into Corporate Insolvency Resolution Process (“CIRP”) under the Insolvency and Bankruptcy Code, 2016 (“Code”). Recognizing […]