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IBBI proposes to expedite flat ownership transfers in insolvent projects

By Economic Times - 2 weeks ago
The Insolvency and Bankruptcy Board of India (IBBI) has put forth a proposal that could expedite the resolution process for stressed real estate firms. The proposal aims to grant ownership of plots or apartments to buyers who have cleared their dues and are already residing in their units, contingent on approval from the committee of creditors.

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