https://www.taxtmi.com/news?id=20128 The ordinance designates an allottee of a real estate project as a financial creditor, granting the homebuyer the right to initiate corporate insolvency resolution proceedings, to join and vote on the committee of creditors, and to stand on parity with other financial creditors in liquidation, thereby allowing direct participation in and influence over the resolution process aimed at completion or transfer of projects. en-us Sat, 09 Jun 2018 12:47:43 +0530 Sat, 09 Jun 2018 12:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20128 The ordinance designates an allottee of a real estate project as a financial creditor, granting the homebuyer the right to initiate corporate insolvency resolution proceedings, to join and vote on the committee of creditors, and to stand on parity with other financial creditors in liquidation, thereby allowing direct participation in and influence over the resolution process aimed at completion or transfer of projects. News - Sat, 09 Jun 2018 12:47:43 +0530 https://www.taxtmi.com/news?id=20128