In 2018, President Ram Nath Kovind gave his stamp of approval to an ordinance amending the Insolvency and Bankruptcy Code (IBC), putting home buyers on par with banks as financial creditors.
While many awards to affected home-buyers have been passed before, this order is unique as it potentially blocks a major loophole in the real estate regulations.
/english-betterindia/media/post_attachments/uploads/2019/08/Representational-image-1.png)
/english-betterindia/media/post_attachments/uploads/2018/05/Untitled-design-72.png)