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Home-buyers Get Priority over Banks in Case of Builder Defaults, Rules SC

In a significant order giving relief to lakhs of homebuyers, the Supreme Court has ruled that the interest of home buyers is more important than the interest of banks in cases where the developer or builder fails to repay the bank loan.
Vikram Nath Rajasthan High Court Infrastructure Pvt Ltd Supreme Court Rajasthan Real Estate Regulatory Authority National Company Law Tribunal

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