Tag: #FPCE

IBC amendment bill 2019 seeks to protect last-mile funding.

December 12, 2019

The Union Cabinet approved the insolvency and bankruptcy code amendments on 11 December. Based on an official release the Code amendments aim, at removing bottlenecks, rationalizing the corporate insolvency resolution process (CIRP) and protecting last-mile funding will boost investment in financially distressed sectors. “Additional thresholds introduced by the authorized representative for the purpose of preventing frivolous […]

IBC amendment bill 2019 seeks to protect last-mile funding.more

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.

November 21, 2019

The Forum for People’s Collective Efforts (FPCE) lobby of homebuyers requested involvement by Prime Minister Narendra Modi to avoid any attempt to prevent homebuyers from moving the National Company Law Tribunal (NCLT) against errant builders. Last year the Government implemented the Insolvency & Bankruptcy Code to consider homebuyers as financial creditors and authorize them, in […]

FPCE demands Prime Minister’s intervention to get errant developers to NCLT.more

Delhi-NCR developer demands that a homebuyer complaint should be first drawn to RERA before NCLT.

November 4, 2019

Even individual homebuyers who take builders to bankruptcy court, demand by the rattling property developers of Delhi-NCR says that all consumer complaints by regulator RERA be heard before insolvency proceedings have been initiated. According to CREDAI, around 450 real-estate companies/projects across the country face insolvencies under the Insolvency and Bankruptcy Code (IBC), due to defaults […]

Delhi-NCR developer demands that a homebuyer complaint should be first drawn to RERA before NCLT.more

Homebuyers’ body urged PMO to place RERA officials under CVC.

September 17, 2019

By Abhay Shah, Realty Quarter Homebuyers’ body FPCE prompted the Prime Minister’s Office to bring representatives to the Central Vigilance Commission implementing the provisions of the Real Estate (Regulation & Development) Act. The Forum for People’s Collective Efforts (FPCE) has also suggested in its letter to the PMO that all contracts adopted under RERA be audited by the […]

Homebuyers’ body urged PMO to place RERA officials under CVC.more

FPCE wishes to finish stalled projects by getting Rs.10,000 crore’s stress fund in the budget.

June 26, 2019

By Abhay Shah, Realty Quarter According to a home buyers’ body FPCE, the government in the forthcoming budget should establish an Rs.10,000 crore fund to finish stalled property projects across the nation and provide assistance for more than 5 lakh individuals who have booked homes. Forum for People’s Collective Efforts (FPCE) previously referred to as Fight for […]

FPCE wishes to finish stalled projects by getting Rs.10,000 crore’s stress fund in the budget.more