Tag: real estate

Supreme Court upholds homebuyers’ rights in fight against bankrupt builders

Source: business-standard.com TheĀ Supreme CourtĀ upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as severalĀ real estateĀ 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