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Saurav Jain vs Canara Bank on 17 January, 2024

Saurav Jain vs Canara Bank on 17 January, 2024
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Home-buyers with RERA Decrees Cannot Be Treated Differently from Other Allottees, Financial Creditors, Rules SC

After holding homebuyers as financial creditors as per the Insolvency and Bankruptcy Code (IBC), in January 2021, the Supreme Court ruled that homebuyers, with a decree obtained from the real estate regulatory authority (RERA), cannot be treated differently from other allottees and financial creditors.

Uttar pradeshAbhimanyu bhandariJustices ravindraNatwar agrawalBulland buildtechDebashis nandaGunjesh ranjanJustice aravind kumarBulland buildtech pvt ltdSupreme courtBankruptcy codeJustices ravindra bhatMumbai benchAmendment requiring minimumHomebuyers to initiate insolvencyMutual fund returns

Homebuyers with RERA Decrees Cannot Be Treated Differently from Other Allottees, Financial Creditors, Rules SC

After holding homebuyers as financial creditors as per the Insolvency and Bankruptcy Code (IBC), in January 2021, the Supreme Court ruled that homebuyers, with a decree obtained from the real estate regulatory authority (RERA), cannot be treated differently from other allottees and financial creditors.

Uttar pradeshJustice aravind kumarGunjesh ranjanJustices ravindraJustice kumarNatwar agrawalAbhimanyu bhandariBulland buildtechDebashis nandaSupreme courtBulland buildtech pvt ltdBankruptcy codeJustices ravindra bhatJustice bhatMumbai benchAmendment requiring minimum