IBC amendments to eliminate 'fly by night' realtors: FM
Finance Minister Arun Jaitley has said the amendments to the Insolvency and Bankruptcy Code (IBC) will help eliminate "fly by night" realtors and ensure timely completion of projects. "Sound and structured real estate developers would remain," he added. Earlier, President Ram Nath Kovind promulgated an ordinance empowering homebuyers to initiate insolvency proceedings against defaulting builders. 