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Daily Archives: February 6, 2025

Home buyers may get possession during insolvency resolution : IBBI – Money News

LiquidationBy EditorFebruary 6, 2025

In a bid to provide relief to homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) has allowed resolution professionals (RP) to hand over possession of plots, flats, or buildings to homebuyers while the resolution process is still ongoing. Through amending ‘Insolvency Resolution Process for Corporate Persons’ regulations, the IBBI has allowed the RP to…

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