Does failure to file claim during insolvency process disentitle homebuyer to flat? Supreme Court to examine

The homebuyer argued that he was not required to file any claim since his name is reflected in records of corporate debtor after he made payments to book the flat.
Supreme Court of India
Supreme Court of India

The Supreme Court recently agreed to examine whether the non-filing of a claim under the Insolvency Resolution Plan (IRP) can disentitle a homebuyer from getting possession of a flat even when the payments he made are reflected in the accounts of the corporate debtor [Ayush Agarwal v. Jaypee Infratech Limited and Others].

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