From Courtrooms to Contracts: How State Land Authorities Lost Their Bankruptcy Levers | Today’s news

“These amendments should provide relief to both home buyers and banks. Several resolutions were shelved due to objections from land authorities who wanted them to be declared secured creditors on the basis of holding statutory charge and to be treated as secured creditors by the resolution plans,” said Manmeet Singh, partner at Cyril Amarchand Mangaldas.