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Home Buyers Are Secured Financial Creditors Under IBC – An Analysis

Events in the Recent Past The position of home /flat buyers have been debated in the recent past at different forums including in some decisions of Adjudicating Authority under Insolvency and Bankruptcy Law, however there is no clarity so far and the worried home buyers are knocking doors here and there including Supreme Court of India in the cases of Jaypee Infra and Amrapali Group of Companies. The Regulator i.e. IBBI also created a third category of creditors and introduced a new Form ‘F’, which was perceived as if this new form is prescribed for home / flat buyers without any such indication by IBBI ……

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