Whether home buyers can initiate CIRP proceedings under the IBC, 2016? (a) No. Home buyers cannot do so. (b) Yes. Home buyers are included in the definition of financial creditors. Hence, they can do so. (c) Home buyers
CS Professional · Insolvency - Law and Practice · PYQS · December 2023
Whether home buyers can initiate CIRP proceedings under the IBC, 2016? (a) No. Home buyers cannot do so. (b) Yes. Home buyers are included in the definition of financial creditors. Hence, they can do so. (c) Home buyers are neither financial creditors nor operational creditors. Hence, they cannot do so. (d) None of the above.
Topics: Corporate Insolvency Resolution Process (CIRP)
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