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Saturday, August 7, 2021

Create provision in IBC code for builders to give details of all home-buyers if one files for bankruptcy resolution, Parl panel

A parliamentary panel has recommended the government to introduce a provision in the Insolvency Bankruptcy Code (IBC) making it mandatory for builders to provide details of all customers in a project, if a single homebuyer decides to file for the builder’s bankruptcy resolution in the NCLT.

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