Include land authorities in CoC, says IBBI
The New Indian Express|November 08, 2024
IN yet another set of likely changes in rules related to real estate insolvency, the regulator has proposed including land authorities in the Committee of Creditors (CoC) without giving them voting rights.
MONIKA YADAV
Include land authorities in CoC, says IBBI

The regulator also proposes an amendment in the law to make it clear that claims of homebuyers must include 8% interest per annum.

Currently, the CoC primarily comprises financial creditors, which often leads to a disconnect regarding land-related regulatory issues, potentially complicating resolution plans.

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