주택 소유주, 금전 채권 및 은행 금고 코드에 대한 대출자 권리 유지 KEEP HOMEBUYER, LENDER RIGHTS ON PAR UNDER INSOLVENCY AND BANKRUPTCY CODE
[REAL ESTATE NEWS] Good morning, everyone. I’m Youngjae Ko representative of Kamaindia Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as under mentioned.
KEEP HOMEBUYER, LENDER RIGHTS ON PAR UNDER INSOLVENCY AND BANKRUPTCY CODE: SBI MD RAJNISH KUMAR
NEW DELHI: The country’s largest lender State Bank of India believes that rights of homebuyers and lenders of stalled realty projects of developers being dealt under the Insolvency and Bankruptcy Code need to be kept on a par.
“Both lenders and homebuyers will have to bear losses in bankruptcy cases on pari passu basis; only one player cannot take losses. Both homebuyers and lenders need to be kept on equal footing. Lenders also need to remember that homebuyers’ rights cannot be denied,” said Rajnish Kumar, MD (NBG), State Bank of India, at NAREDCO’s national real estate convention.