A recent amendment to the Insolvency and Bankruptcy Code (IBC) is set to bring greater clarity to real estate insolvency proceedings by confirming that land development authorities cannot claim secured creditor status solely on the basis of a statutory charge. In an article published in Mint, our Partner Manmeet Singh opines that the change is expected to benefit both homebuyers and banks by addressing objections that have stalled several resolution processes. (Photo Credit: Mint)
