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New building block: how project-wise insolvency will shield homebuyers

1 source1 article First seen Updated India Truth score 34

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Summary

To shield buyers in financially sound projects from a developer’s default elsewhere, the insolvency watchdog IBBI has notified new regulations enabling the Committee of Creditors to recommend exclusion of healthy projects, even when the developer as a whole enters the insolvency resolution process.

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  1. Livemint Center IN
    Explainer: New building block: how project-wise insolvency will shield homebuyers

    To shield buyers in financially sound projects from a developer’s default elsewhere, the insolvency watchdog IBBI has notified new regulations enabling the Committee of Creditors to recommend exclusion of healthy projects, even when the developer as a whole enters the...

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