Chandigarh consumer commission coming to the rescue of the homebuyers has been able to restore its faith among homebuyers.

As a developing country, India had huge prospects for growth in the real estate sector, seeing this many people invested in the sector in good faith.

The IBC has introduced new and distinct concepts of ‘Financial Creditor’ and ‘Operational Creditor’ as opposed to the Companies Act, 2013 which merely introduced the term ‘creditor’, without any classification thereof.