Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Supreme Court upholds homebuyers' rights in builder bankruptcies
short by Krishna Veera Vanamali / on Friday, 9 August, 2019
The Supreme Court upheld the ability of homebuyers to drag real estate developers into bankruptcy proceedings. It ruled that homebuyers' rights will remain at par with lenders. Once a homebuyer establishes default before a bankruptcy court, the onus is on builders to prove that the consumer does not wish to take possession of their house to avoid proceedings, it added.
read more at The Print