IBBI tightens insolvency rules for real estate projects, strengthens homebuyer protection
The Insolvency and Bankruptcy Board of India (IBBI) has tightened the insolvency resolution framework for real estate companies, introducing project-wise...
CoC
Gap between homebuyers’ hope and commercial viability of resolution often leads to mistrust: Amit Karia
Amit Karia, a Mumbai-based insolvency professional, has handled a number of complex corporate insolvency resolution processes (CIRPs) over the past...
IBBI proposes more reforms to streamline real estate insolvency processes
A significant overhaul of India's insolvency and bankruptcy code (IBC) is on the horizon, with a particular focus on real...
Voluntary participation in committee of creditors for faster corporate resolution
Should a financial creditor be given the option to not be the part of the committee of creditors (CoC)? In...
More responsibilities likely for authorised representatives of homebuyers
The insolvency regulator has proposed to increase the duties of Authorised Representatives (AR) of homebuyers in the Committee of Creditors....
When Committee of Creditors had a change of heart
In IBC, they say you cannot question the commercial wisdom of the Committee of Creditors (CoC). While not everyone concurs...
FISME demands priority in payment to MSME operational creditors under insolvency resolution process
The Federation of Indian Micro, Small and Medium Enterprises (FISME) has proposed for some amendments in Insolvency and Bankruptcy Code...
Do not entertain unsolicited revision in resolution plans, suggests insolvency regulator
Taking note of the fact that request for revision of resolution plans multiple times, and submission of unsolicited plans cause...
A code of conduct for CoC, finally
The Code of Conduct for Committee of Creditors is finally going to be true. In a consultation paper released on...
Financial creditors cease to be related party to avoid exclusion should also be barred from CoC: SC
In a landmark judgment on 1 February 2021, the Supreme Court of India in Phoenix ARC Vs Spade Financial Services...