This means that when a company is facing bankruptcy, the homebuyers will be treated on par with the lenders.
Supreme Court has upheld the right of homebuyers to be given the status of financial creditors under the Insolvency and Bankruptcy Code.
This means that when a company is facing bankruptcy, the homebuyers will be treated on par with the lenders.Pramiti Lonkar chats with Moneycontrol's Vandana Ramnani to understand how this decision will affect the real estate sector.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.