News & Media 24th Jul 2023

Stressed realty projects: IBBI exempts certain home buyers from regulatory fee

Authors

Mukesh Chand Senior Counsel | Mumbai

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In a relief for home buyers, insolvency regulator IBBI has clarified that the 0.25 per cent regulatory fee imposed by it on CIRPs would not be payable where the approved resolution plan in respect of a real estate project is from an association or group of allottees in such real estate project.

Against this backdrop, Mukesh Chand, Senior Counsel, ELP has been quoted in an article titled ‘Stressed realty projects: IBBI exempts certain home buyers from regulatory fee’ published by The Hindu Business Line.

Read the article here: Click Here