Indian Supreme Court Directs Protection of Homebuyers in Insolvency Cases

The Indian Supreme Court has ruled that homebuyers' interests must be protected in insolvency proceedings, issuing a directive to record reasons in appeals arising from the insolvency of developer Takshashila Heights India Private Limited.

25 Mar, 09:02 — 25 Mar, 09:02

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Times of IndiaMostly Factual9d ago

Homebuyers’ interests must be protected in insolvency: SC directs to record reasons

A Bench of Justice J.B. Pardiwala and Justice R. Mahadevan delivered the judgment while deciding appeals arising from insolvency proceedings initiated against Takshashila Heights India Private Limited, the developer of the real estate project Takshashila Elegna in Ahmedabad.

By VATSAL CHANDRA

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Indian Supreme Court Directs Protection of Homebuyers in Insolvency Cases

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Homebuyers’ interests must be protected in insolvency: SC directs to record reasons

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