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Insolvency and Bankruptcy Code needs a separate regime for the real estate sector - Vimarsana News

Insolvency and Bankruptcy Code needs a separate regime for the real estate sector

Published: May 6, 2023

While the IBC universally applies across different sectors, past experience suggests that there is an urgent need to have a separate mechanism for insolvency resolution in the real estate sector.

Source: barandbench.com
Related Topics:
Puneet KaurUmang RealtechKv DevelopersNational Company Law Appellate TribunalBuyers Association Winter HillsCommittee Of Creditors CoKv Developersp LtdCorporate Insolvency Resolution ProcessFlat Buyers Association Winter HillsCorporate DebtorResolution ProfessionalInsolvency And Bankruptcy Code 2016Real Estate SectorFlat Buyers Association Winter Hillsv Umang Realtech Pvt Ltd Puneet Kaur Vkv Developersp Ltd
Liability of Corporate Debtor should be included in Information Memorandum regardless of delay in filing claims: NCLAT - Vimarsana News

Liability of Corporate Debtor should be included in Information Memorandum regardless of delay in filing claims: NCLAT

Published: June 3, 2022

The National Company Law Appellate Tribunal held that the Resolution Professional should inform Financial Creditors existing in the records of Corporate Debtor about initiation of CIRP to avoid delay in filing claims.

Source: barandbench.com
Related Topics:
Resolution ProfessionalNclat NewsIbc NewsPuneet KaurKv DevelopersResolution PlanMahesh KumarAbhinav VasishtJustice Ashok BhushanShreesha MerlaNaresh SalechaRecent Nclat OrdersNational Company Law Appellate TribunalNclat Judgments OrdersInsolvency Bankruptcy CodeDelay In Filing Claims Financial Creditor HomebuyersDelayed Claims Include Information Memorandum