The Insolvency and Bankruptcy Board of India (IBBI) has put forward proposals to streamline the insolvency process for real estate projects. These proposals aim to allow the registration of properties owned by insolvent real estate companies if homebuyers have cleared dues and received possession. The IBBI also suggests that homebuyers should be exempt from certain eligibility criteria when bidding for such projects.
Allow registration in insolvency cases if OC issued: IBBI
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