Home Buyers as Financial Creditors: A Conflict of Statutes & Interests

The Insolvency and Bankruptcy Code, 2016 (“IBC/Code”) [1] has, since its inception, been surrounded by controversies, clarifications and amendments. One such controversy that arose is whether the home-buyers could be included as financial creditors for the purpose of the code. The home-buyers issue was first raised in the cases of Jaypee-Infratech and Amrapali [2]. In March 2018, […]