id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cjal-6600	Mohan, M P Ram; Raj, Vishakha	Apartment Buyers as Financial Creditors: Pushing the Conceptual Limits of the Indian Insolvency Regime	2020	45	.pdf	application/pdf	18361	695	46	Though the judgment largely dealt with the characteristics of financial creditors who were not individuals (such as banks) it did not excuse individual lenders from meeting the criteria the IBC sets out for being called a financial creditor.91 The only manner in which individual financial creditors differed from other financial creditors was that they would be represented by an insolvency professional because they tended to be numerous.92 [Vol. 33:219 In Swiss Ribbons, it was noted that out of the 80 cases which had been resolved since the IBC came into force, operational creditors have not only been paid before financial creditors in resolution plans but also recovered slightly more than the financial creditors.186 While predicting the type of impact allottees would have on CoC meetings is outside the scope of this paper, it would be reasonable to say that most allottees (especially apartment buyers) will be dependent on other financial creditors to adjust their loans or commit extra funds to keep a real estate developer alive as a going concern.	cache/cjal-6600.pdf	txt/cjal-6600.txt