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

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

BREAKING NEWS:
“Prateek Yadav dreams of owning a ₹5 crore ‘Blue Bolt'” Kia Sonet’s Second Generation: Enhanced Safety and Features! Will WhatsApp require a subscription? Discover the truth!