Homebuyers Can’t Be Denied Flat Possession If Claims Verified by Resolution Professional: Supreme Court

The Supreme Court has ruled that homebuyers cannot be denied possession of their flats if their claims were verified and admitted by the resolution professional (RP) during the corporate insolvency resolution process (CIRP) under the IBC.

The court ensures that homebuyers’ rights are protected even after the resolution plan is approved, preventing arbitrary exclusion despite prior validation. 

The court emphasised that admitted claims must be honoured to uphold fairness and trust in insolvency proceedings.