New Delhi, April 10 (IANS) Strengthening India’s real estate insolvency framework needs a fundamental shift from entity‑level resolutions to a project‑centric model that prioritises completion and delivery of homes, a report said on Friday.The report from ICRA called for strengthening coordination between the Insolvency and Bankruptcy Code, 2016 and the Real Estate (Regulation and Development) Act, 2016 to achieve this transition.The Committee on Framing Guidelines for Insolvency Proceedings…
Latest Real Estate (Regulation and Development) Act News & Updates
Jabalpur, Feb 14 (IANS) In a ruling that clarifies procedural pathways under the Real Estate (Regulation and Development) Act, 2016, the Madhya Pradesh High Court at Jabalpur has directed an aggrieved homebuyer to approach the appropriate forum for executing a delayed possession order against a builder.A bench of Justice Vishal Mishra; presiding over the Writ Petition, disposed of the case on Thursday, emphasising the doctrine of merger in appellate orders.The dispute originated from a homebuyer…
New Delhi, Jan 9 (IANS) Shaktikanta Das, Principal Secretary-2 to the Prime Minister, said on Friday that India is headed to be the fastest growing economy in the world, despite geopolitical tensions and trade barriers.Delivering the Inaugural Bibek Debroy Memorial Lecture, Das highlighted that the shifting geopolitical winds and trade policies are reshaping the global economic order. Traditional multilateralism, once a cornerstone of global governance, is increasingly being sidelined by geopoli…