Discussion Paper on issues related to Real Estate – IBBI dated 07.11.2024
The proposals outlined in this discussion paper cover a range of critical areas, including:
1. Proposed Inclusion of Land Authorities in Committee of Creditors (CoC) Meetings
2. Handling Cancelled Land Allotments in Real Estate Insolvency Cases
3. Empower CoC to Facilitate Participation of Associations of Allottees as Resolution Applicants
4. Clarification about inclusion of Interest in Homebuyers’ Claims in CIRP
5. Representation of large numbers of creditors through facilitators
6. Proposal to disseminate Committee of Creditors (CoC) minutes of the meeting to all creditors in class of real estate projects
7. Streamlining Possession Handover in Real Estate Projects
Discussion Paper on issues related to Real Estate – IBBI dated 07.11.2024 Read Post »