Abstract

The Research Paper discusses about the position of allottees in the Insolvency Bankruptcy code. The paper further evaluates the legal position of allottees under IBC. Further, the authors critically assess various landmark judicial pronouncements to understand the present position of allottees under IBC. The paper also tries to critically evaluate the allottees as financial creditors and understand the role of allottees in the committee of creditors. The paper also analyses the recent amendments for allottees, and it enables us to decode the long-term implication of change in a legal position. The researcher will also evaluate the powers of allottees as financial creditors. The researchers have undertaken their research with the aid of doctrinal research. The researchers have closely concentrated on various aspects of allottees. The authors have also tried to address the issue of conflict between multiple legal legislations. The authors have suggested a few solutions to strengthen the position of allottees under IBC.

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