Jaypee insolvency: Govt’s sympathy with flat buyers, those who paid should get their homes, says FM Arun Jaitley – India TV

Bankruptcy

Photo: PTI Jaitley said the government’s sympathy are with aggrieved flat buyers Observing that flat buyers who have paid money to developers should get their flats, Finance Minister Arun Jailtey said “our full sympathy” is with the aggrieved home buyers. The minister’s comments came after the initiation of insolvency proceedings against Jaypee Infrastech threw its buyers into a lurch. The Finance minister…

Jaypee Infratech insolvency plea: As govt weighs assets sale to raise money, what next for homebuyers? – India TV

Bankruptcy

Representational pic – Jaypee Infratech insolvency plea Shares of Jaypee Infratech, a part of the debt-ridden Jaypee group, today hit lower circuit with reports suggesting that the government was exploring if it was legally tenable under insolvency laws to sell its assets to raise money to complete pending housing projects of the company. Hundreds of…

Explainer: How did Section 44 land five senators in trouble over citizenship? – SBS

Bankruptcy

Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens, government minister Matt Canavan, One Nation senator Malcolm Roberts and deputy prime minister Barnaby Joyce. It rules out anyone with allegiance, obedience,…