Sukrit R Kapoor Highlights Key Amendment for Homebuyers in Insolvency Cases

In an article published by The Telegraph Online, Sukrit R Kapoor commented on the critical amendments that give homebuyers greater influence in the Corporate Insolvency Resolution Process (CIRP). He emphasized the significance of the changes, particularly in addressing a long-standing gap within the CIRP framework.

“The amendment plays a pivotal role in providing clarity on the appointment process of authorized representatives and defining clearer timelines,” Sukrit remarked. This development is seen as a positive step toward protecting homebuyer interests and ensuring a more structured and transparent insolvency resolution process.

The enhanced role of homebuyers as financial creditors, with improved representation, is expected to lead to more balanced and efficient resolutions in insolvency cases.

Read full article: https://www.telegraphindia.com/business/homebuyers-to-get-more-say-in-insolvency-cases-as-existing-regulations-lacked-clarity/cid/2051846