To avoid the recurrence of Unitech like cases, it is important for homebuyer association members to take the lead and act as a bridge to raise funds, in case the builder claims he is bankrupt.
The Ministry of Corporate Affairs (MCA) has cracked its whip on the alleged malpractices by senior management in the quick closure of liquidation cases involving corporates. Ashwin Mohan of CNBC-TV18 has a report.
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