Homebuyers having order or Decree from RERA are allottees, required to comply with 2nd Proviso to Section 7(1) of IBC: NCLAT [Read Order]

Homebuyers having order or Decree from RERA are allottees and hence are required to comply with 2nd Proviso to Section 7(1) of IBC, rules NCLAT
NCLAT - RERA - Real Estate Regulatory Authority - RERA compliance for homebuyers - taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the homebuyers having order or Decree from the Real Estate Regulatory Authority ( RERA ) are allottees and are required to comply with 2nd Proviso to Section 7(1) of the Insolvency and Bankruptcy Code, 2016 ( IBC ). The…

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