[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m ShubhamPundir staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to share with you which is as under mentioned.|
The Centre informed the Supreme Court on Thursday that amendments to the Insolvency and Bankruptcy Code (IBC) give appropriate weightage to homebuyers to protect their interest.
The Cabinet on Wednesday cleared the amendments that seek to put in place a 330-day deadline for corporate resolution process, including litigation and other judicial processes, as well as make resolution plan binding on all stakeholders.
The Centre told this to a bench comprising justices A M Khanwilkar and Dinesh Maheshwari, hearing the home buyers matter of Jaypee Infratech Ltd (JIL).
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/centre-working-on-solving-homebuyers-issue-sc-told/articleshow/70288840.cms
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