June 6, 2018- a memorable day indeed from the home-buyers’ perspective. In its recent ordinance to amend the Insolvency and Bankruptcy Code (IBC), the Government of India has declared that henceforth home-buyers in ailing real estate companies would be recognized as financial creditors in the resolution process. Corporate affairs secretary Injeti Srinivas confirmed that the … Continue reading "Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018: Home buyers will be acknowledged as Tenable Financial Creditors."