IBBI amends norms, notifies procedures for home buyers under insolvency proceedings

The IBBI has notified revised norms for insolvency resolution process paving the way for home buyers to seek relief as financial creditors, putting in place clear timelines to be followed by resolution professionals and permitting withdrawal of insolvency applications subject to certain conditions.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KMz03n