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Introduction
The Supreme Court of India has passed a landmark judgment (Bikram Chatterji v. Union of India, WP(C) No. 940/2017) in respect of the Amrapali Group which though historic, has once again reset the landscape in the everchanging bankruptcy laws in India. While the judgment is path breaking in so much as it sets the interests of the home buyers as supreme, this may have far reaching implications for bankers and State owned land owning agencies.