Has bankruptcy law failed homebuyers?
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Last Updated: Jun 28, 2021, 09:31 AM IST
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Synopsis
Five years after the Insolvency & Bankruptcy Code (IBC) was notified, only eight resolution plans for real estate sector have been approved although some 205 cases had been admitted until March 2021, Insolvency & Bankruptcy Board of India data showed.
(This story originally appeared in on Jun 28, 2021)NEW DELHI: Four years ago, Kanupriya was among the 20,000 homebuyers in
Jaypee Infratech’s project in Noida who was hoping that an early resolution will help her take possession of the apartment she had booked in 2012. She is still waiting as the resolution process – monitored directly by the Supreme Court – seems to have entered the final leg.
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Synopsis
Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao.
Agencies
The Appointments Committee of the Cabinet cleared Sankar s appointment as the new RBI deputy governor on Saturday.
T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.
Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao.
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T Rabi Sankar takes over as new RBI deputy governor
T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.
Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao.
Sankar was Executive Director of the Reserve Bank before being elevated to the post of deputy governor.
T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement. Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao. Sankar was Executive Director of the Reserve Bank before being elevated to the post of deputy governor. The Appointments Committee of the Cabinet cleared Sankar s appointment as the new RBI deputy governor on Saturday.