Tag: Homebuyers

Source: business-standard.com The Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia’s third-largest economy. 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

Source – hindustantimes.com Moved by the plight of homebuyers who have not been given the possession of flats despite paying money to builders, the Supreme Court on Tuesday observed it wanted to help these investors who must get their flats or their money refunded. A bench headed by Chief Justice Dipak Misra said this while