Published:August 18, 2017 4:27 am
The government has introduced a new form under the insolvency law to enable a person who has to receive a payment from an insolvent company to seek the claim. This will enable persons such as homebuyers to make claims for undelivered flats on a company undergoing resolution under the Insolvency and Bankruptcy Code (IBC). Jaypee Infratech, which is currently under the Corporate Insolvency Resolution Process, has uploaded the new Form-F on its website.
Till now, only financial and operational creditors were permitted to seek claims under the IBC. But Insolvency and Bankruptcy Board of …
Read the full article at: http://indianexpress.com/article/business/insolvency-proceedings-new-form-allows-homebuyers-to-seek-claims-from-firms/