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IBBI proposes smooth registration of occupied flats in insolvent realty projects

The proposals assume importance, as they seek to not just expedite resolution of insolvent realty projects but also provide relief to homebuyers threatened with the prospect of seeing their money going up in smoke when builders fail. ....

Real Estate Regulatory Authority , Bankruptcy Board , Bankruptcy Code , Today Homes , Insolvent Realty Projects ,

bankruptcy resolution charts: Manufacturing tops the bankruptcy resolution charts, real estate crawls

In India, manufacturing and real estate account for three out five insolvency cases admitted. However, the two sectors have opposing results when it comes to resolution of these cases. Since 2016, when the Insolvency and Bankruptcy Code came into being, manufacturing has had a share of 39 per cent with 49 per cent share in resolved cases. Meanwhile, real estate sector has 21 per cent admit share with a mere 13 per cent resolution rate. ....

Manoj Kumar , National Company Law Tribunal , Bankruptcy Code , Bankruptcy Board , Today Homes , Corporate Professionals Capital , Bankruptcy Resolution Charts , Bankruptcy Resolution ,

insolvency: Insolvency resolution high for manufacturing sector, lags for real estate

Manufacturing and real estate sectors in India have seen varying outcomes in insolvency cases. Manufacturing accounted for 38% of admitted cases but 48% of resolved ones, while real estate represented 21% of admitted cases but only 15% of resolved cases, according to data from the Insolvency and Bankruptcy Board of India. ....

Manoj Kumar , National Company Law Tribunal , Realty Et Bureau , Bankruptcy Code , Bankruptcy Board , Today Homes , Resolution High , Corporate Professionals Capital , Real Estate , Insolvency And Bankruptcy Code , Financial Creditor ,