TPA

Insolvency and Bankruptcy Code and Real Estate Laws

Real estate brings major changes in the economy of a nation in terms of investment. Investments were being discouraged, because of a lack of regulatory mechanism. The Insolvency and Bankruptcy Code came into force in 2016[1]. The amendment in the Code, in 2018 brought ‘real estate allottees’ under the realm of financial creditors. The constitutionality

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Gift: Concept and Kinds

In layman terms, gift refers to a unilateral transfer of ownership, without any consideration. According to the Transfer of Property Act, 1882, ‘gift’ means the transfer of a thing, which can be movable or immovable in nature, to a person, without any consideration. In the transfer of gift, it is essential that the thing which is being transferred should be in existence at the time of making the gift and thus, a future property cannot be transferred or cannot be gifted.

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