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Making home owners creditors under IBC may not solve the problem: View

Making home owners creditors under IBC may not solve the problem: View

The IBC process has been amended and included home owners as creditors with a seat on the creditors committee. This has come about due to the numerous cases in the NCR region with companies like Jaypee, Amrapali, Unitech, etc. not delivering and in financial difficulty. 

However, there is a fundamental flaw in trying to resolve real estate projects through the IBC route. The IBC regulations have been designed for resolution and revival — the primary assumption being that the business is .. 

Dec 07,2018 | The Economic Times
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