IBBI introduces amendments to aid homebuyers in insolvency proceedings

These amendments, effective from September 24, are designed to enhance the representation of significant classes of creditors during corporate insolvency proceedings.

Insolvency and Bankruptcy Code

Published on:

26 Sep 2024, 3:14 pm

1 min read

In a relief to creditor classes with large numbers such as homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) announced significant amendments to the Insolvency Resolution Process for Corporate Persons Regulations, 2016 on Wednesday.

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Insolvency and Bankruptcy Code

Insolvency and Bankruptcy Board of India

Homebuyers

IBBI