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IBBI notifies new rules to shield healthy real estate projects from developer insolvency

New rules let financial creditors seek exemption for financially sound projects from bankruptcy proceedings, potentially protecting homebuyers from construction delays and registration hurdles caused by defaults elsewhere in a developer’s portfolio.

IBBI notifies new rules to shield healthy real estate projects from developer insolvency

We haven't written up this one. Live Mint has the full story — the link below goes straight to it.

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