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The IBC Code that provides for a market-determined and time-bound insolvency resolution process -- became operational in December last year. Since it is not practically possible to implement certain provisions (of the Code) or practically on some count the Code is silent Anthony Miller Bears Jersey , the gaps are being filled way of bringing new amendments. Further, if a particular provision is harsh or unworkable, then that provision is set to be omitted. It is incumbent upon the government to redress the grievances, giving much relief to the entire Real Estate Industry. The government is monitoring the implementation of the Code Roquan Smith Bears Jersey , practical difficulties which are being faced by some of the stakeholders and also getting feedback on implementation related issues.
In August, the Insolvency and Bankruptcy Board of India (IBBI) had amended regulations that allowed individuals who have to receive a payment from an insolvent company to seek the claim under the Code. The move has also enabled owners of undelivered flats to seek relief. A large number of flat buyers have been left in the lurch, especially in the National Capital Region (NCR), due to long delay in deliveries amid the developers citing fund crunch. Many of them are looking for relief under the Code. The resolution plan thus formulated would take care of interests of all stakeholders and also balance their interests.
Similarly Khalil Mack Bears Jersey , many issues on GSTN are already sorted and government effort is on to make it hassle free. Many of the issues which had arisen prior to the constitution of the Gum have been addressed. The attention to these issues from government side is from a very high level. The objective is to make the return filing process very smooth. The GSTN is trying to understand the problem of industry, trade business and if there are technical glitches how to remove them. Also feedback is being taken to make the changes so that the return filing process of smoothened.
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