Feb 18, 2024 09:55 AM IST
Earlier, homebuyers who had been allotted flats before the realty firm became insolvent, were left with no remedy except for being entitled to a refund
In a relief to homebuyers who had been given possession of their homes but were left in a lurch after the builders company was declared insolvent, the Insolvency and Bankruptcy Board of India, in its latest amendment, has said that assets in a real estate project that have been handed over to the allottees would be exempted from liquidation process.
Read the full article at: https://www.hindustantimes.com/real-estate/relief-to-homebuyers-allotted-flats-will-not-be-part-of-liquidation-process-says-insolvency-and-bankruptcy-board-101708185884552.html