Stay updated with breaking news from Resolution Plans. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at...
The Supreme Court has held that when the National Company Law Tribunal (“NCLT”) exercises its power under Section 31(2) of the Insolvency and Bankruptcy Code, 2016 to not approve a resolution plan,...
The IBBI discussion paper has proposed keeping properties that are in the possession of homebuyers from the ambit of liquidation. It has also proposed mandatorily registering projects under the Real Estate Regulatory Authority.
A paper by two senior functionaries of the insolvency regulator in India has proposed amending the bankruptcy law to include consideration of ESG factors in the evaluation of resolution plans for stressed firms. The paper suggests expanding the role of insolvency professionals to consider ESG risks and opportunities during the restructuring process.
On August 29, 2023, the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation...