IBBI's five proposals expected to give relief to homebuyers

IBBI's five proposals expected to give relief to homebuyers awaiting possession of homes for years; to ensure faster resolution of insolvency cases

This discussion paper, inviting comments from stakeholders, seeks to implement the recommendations made by the committee on stalled real estate projects chaired by Amitabh Kant. This stems from the logistical impediments and shortcomings of the statutory framework faced by the insolvency processes of real estate companies, said legal experts.

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