Nov 13,2019 | 2 min read

Analysis of Judgment of the Supreme Court upholding the legality and constitutionality of Section 5(8)(f) of IBC, 2016 By Devesh Saxena

Author - Advocate Devesh Saxena

This judgment is seen as a major win for the homebuyers, who will now not only be allowed to invoke the Code but will also be a part of the committee of creditors with the same footing as banks and other financial institutions. This will certainly put an embargo which will act as a deterrent upon the fraudulent real estate companies and developer, who have failed in completing the projects despite taking huge chunks of money from the homebuyers.

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Devesh Saxena

I have completed my B.A. LL.B. (Hons.) from the Faculty of Law, University of Allahabad in the year 2016. Being enrolled in the Bar since 2016, I specialize in Real Estate, Insolvency, Banking, and Land Acquisition matters. I have considerable and fine experience in handling other Civil, Criminal, Constitutional, Service, Land Acquisition, Matrimonial, and Company related matters. My domain of legal assistance and consultacy is wide and includes drafting of Agreements, Contracts and Deeds.