SC: Insolvency laws don't protect builders from homebuyer lawsuits
The Supreme Court has declared that insolvency cases do not provide legal immunity to real estate promoters and directors against lawsuits filed by homebuyers. The court explained that the moratorium is restricted to the corporate entity itself and does not extend to the individuals managing the firm. This decision was issued during a hearing regarding a challenge from homebuyers against a stay on legal complaints involving the promoters of Mantri Technology Constellation.
by shortkt.com✓