The much-awaited move is expected to potentially benefit 3.5 lakh dwelling units across the country but offers little comfort to lakhs of home-buyers in nearly 400 projects held up in National Company Law Tribunal, dealing with insolvency cases. There are also a few thousand developers whose fund flow is choked as banks have classified them as NPAs for failure to repay loans. The government said their resolution will have to be through IBC and NCLT processes.
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