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RERA and IBC work in two different fields, while the former has ...


RERA and IBC: Distinct Roles in Real Estate Regulation and Insolvency Resolution with No Overlapping Conflicts.

September 2, 2019

Case Laws     Insolvency and Bankruptcy     Tri

RERA and IBC work in two different fields, while the former has been enacted with a view to regulate and promote the real estate sector while ensuring the protection of consumer interest; the latter seeks to consolidate the law relating to insolvency and bankruptcy and ensure resolution of insolvency of corporate persons, firms and individuals in a time bound manner. Thus, there is no question of a conflict between the two enactments and both will have an overriding effect in the fields exclusively assigned to them.

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