Leading Indian Funder Promotes Utility of Litigation Finance for Homebuyers
November 3, 2022 Commercial, Deals, Premium
Recent regulatory developments by the Insolvency and Bankruptcy Board of India (IBBI) have altered the legal status of homebuyers, to now be counted as ‘financial creditors’. As a result, those purchasing homes can go to the National Company Law Tribunal (NCLT) to seek resolution of any disputes with sellers or builders, opening a new avenue for litigation funding to provide support to consumers.
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