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IBC in Real Estate - Poor Resolution Rates but Superior Value Maximisation - Report by property consultants ANAROCK and leading law firm, Khaitan & Co.
While real estate comprises just 5 per cent of all cases under Insolvency & Bankruptcy Code (IBC), its resolution rate is among the lowest.On the other hand, IBC has driven superior value realisation by financial creditors in real estate - ...
On the other hand, IBC has driven superior value realisation by financial creditors in real estate - with this class of creditors realising 66 per cent of the admitted claims as compared to just 31 per cent of admitted claims realised in other sectors, said a joint report by real estate consultants Anarock and law firm Khaitan & Co.Shob
Go Your browser has Javascript disabled, so some things may not quite work how they should on LI right now: please enable JavaScript in your browser to fix things, we have no nefarious trackers, or scripts by Facebook, Google or others... In Brief Thursday, 22 April 2021 16:19 Projects Bengaluru based Prestige Estate has taken over a Mumbai housing project from the debt ridden Ariisto Developers resolving about INR 1650 crores of the total INR 2200 crores owed by Ariisto, as reported by The Times of India. The resolution plan as approved by the Committee of Creditors, is a hybrid plan wher...