https://www.taxtmi.com/news?id=22138 A substantial number of insolvency petitions by homebuyers against developers remain pending; the Ministry is considering adjustments to classify homebuyers as financial creditors and to redefine default to limit filings for minor or short duration payment defaults. Administrative measures to expand tribunal capacity include additional benches, appointment of members, member training, and implementation of an e court system to improve case management. en-us Tue, 19 Nov 2019 11:31:23 +0530 Tue, 19 Nov 2019 11:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22138 A substantial number of insolvency petitions by homebuyers against developers remain pending; the Ministry is considering adjustments to classify homebuyers as financial creditors and to redefine default to limit filings for minor or short duration payment defaults. Administrative measures to expand tribunal capacity include additional benches, appointment of members, member training, and implementation of an e court system to improve case management. News - Tue, 19 Nov 2019 11:31:23 +0530 https://www.taxtmi.com/news?id=22138