Homebuyers’ interests must be protected in real estate insolvency: Supreme Court directs COC to record reasons for major decisions
The Court emphasized that creditors invoking the IBC must do so with a genuine intent to pursue revival of the corporate debtor. (AI image) The Supreme Court on 15.01.2026, clarified the scope of admission of insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), holding that once the existence of financial…