https://www.taxtmi.com/news?id=20120 The Ordinance recognises home buyers as financial creditors with representation in the Committee of Creditors and the ability to initiate insolvency proceedings. It establishes stricter withdrawal rules requiring creditor approval before publication of expressions of interest, reduces voting thresholds to promote resolution, refines bidder disqualification and eligibility procedures including affidavits and a limited grace period for certain distressed-asset holders, and provides special dispensation and exemptions for the MSME sector along with measures to facilitate interim finance and regulatory development roles. en-us Wed, 06 Jun 2018 17:03:11 +0530 Wed, 06 Jun 2018 17:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20120 The Ordinance recognises home buyers as financial creditors with representation in the Committee of Creditors and the ability to initiate insolvency proceedings. It establishes stricter withdrawal rules requiring creditor approval before publication of expressions of interest, reduces voting thresholds to promote resolution, refines bidder disqualification and eligibility procedures including affidavits and a limited grace period for certain distressed-asset holders, and provides special dispensation and exemptions for the MSME sector along with measures to facilitate interim finance and regulatory development roles. News - Wed, 06 Jun 2018 17:03:11 +0530 https://www.taxtmi.com/news?id=20120