Homebuyers having order or Decree from RERA are allottees, required to comply with 2nd Proviso to Section 7(1) of IBC: NCLAT [Read Order]

Homebuyers having order or Decree from RERA are allottees and hence are required to comply with 2nd Proviso to Section 7(1) of IBC, rules NCLAT
By Kalyani B. Nair - On April 22, 2024 2:32 pm - 2 mins read
NCLAT - RERA - Real Estate Regulatory Authority - RERA compliance for homebuyers - taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the homebuyers having order or Decree from the Real Estate Regulatory Authority ( RERA ) are allottees and are required to comply with 2nd Proviso to Section 7(1) of the Insolvency and Bankruptcy Code, 2016 ( IBC ). The…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
Ā  ā‚¹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader