News & Media 18th Nov 2024
The Insolvency and Bankruptcy Board of India (IBBI) has proposed reforms to expedite the insolvency process for real estate companies, aiming to provide relief for homebuyers. The proposed changes prioritize timely possession of units, ensure fairer claim valuations, and increase transparency for homebuyers invested in projects undergoing insolvency proceedings.
To shed light on this, The Economic Times’s Kailash Babar writes on “Realty insolvency reforms to push for streamlined solutions for homebuyers, lenders” with insights from our Partner Sudip Mullick.
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