amendments

IBC amendments to eliminate ‘fly by night’ real estate developers

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Earlier this week, President Ram Nath Kovind gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, which allows home buyers to be recognised as financial creditors under the insolvency proceedings. Jaitley said the changes brought about through the Ordinance will help in formalising the real estate sector. “Sound and structured real … Read more

SC questions Delhi govt, DDA over proposed amendments in DMP

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New Delhi : The Supreme Court today directed the Delhi government and Delhi Development Authority (DDA) to apprise it whether an environmental impact assessment was conducted before proposing amendments in the Delhi master plan, 2021. A bench of Justices Madan B Lokur and Deepak Gupta also asked DDA, Delhi government and the municipal agencies to file … Read more

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