Varun Singh, Founder & Managing Partner, Foresight Law Offices India: Penalty for violating statutory norms is a welcome step from the point of view of homebuyers. However, to ensure there is 100% regulatory compliance, it’s important that rera extends the penalty to its highest amount for aggravated conduct of builders.

IBBI proposes rules for out-of-court resolution in bankruptcy cases
The Insolvency and Bankruptcy Board of India (IBBI) has come out with