Oh damn!
When a buyer declares insolvency and bankruptcy, the buyers are usually on a suffering end. The thing is when builder’s financial position is analyzed and recovery/liquidation is made, the first benefit will go to the builder's creditors; banks and financial institutes. But buyers can raise claims via Form F issued by the Insolvency and Bankruptcy Board of India (IBBI). This form can help you get refund/possession/damages due to non-possession of property.
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Builder has declared himself bankrupt and not giving any specify date for possession, extended Rera date is 01/12/2022. Please suggest what to do?
Tejaswi Maharshi
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1
3 Year
2022-03-22T11:04:32+00:00 2022-03-22T11:04:34+00:00Comment
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