NCLT approves Rs 343-crore resolution plan for Snehanjali and SB Developers
The National Company Law Tribunal (NCLT), Mumbai Bench-VI, has approved the Rs 343-crore resolution plan for Snehanjali and SB Developers...
homebuyers
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...
Singla Builders resolution plan promises delivery of flats to homebuyers of Ansal Lotus Melange
Great news for Ansal Lotus Melange homebuyers. The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by...
Only one resolution applicant for Ansal Properties Ferhill Project
Only one resolution plan has been submitted for Fernhill Project, a Gurgaon-based housing project of Ansal Properties and Infrastructure. A...
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....
3,000 homebuyers submit Rs 3,192 cr claims against Ansal Properties and Infrastructure
Around 3,000 homebuyers have submitted claims of Rs 3,192 crore under the corporate insolvency resolution process of Ansal Properties and...
Regulator planning new insolvency framework for homebuyers
The Insolvency and Regulatory Board of India (IBBI), or the insolvency regulator, has been contemplating a separate regulatory framework for...
HDIL on the verge of liquidation; homebuyers left high and dry
Housing Development and Infrastructure Ltd (HDIL), the Mumbai-based real estate company undergoing corporate insolvency resolution process (CIRP), is on the...
NCLT paves the way for liquidation of realtor estate developer 3C Homes
The Delhi bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of real estate developer Three C...
IBC passes another test of constitutionality as SC upholds IBC Amendments Act 2020
By Megha Mittal and Ishika Basu In view of the rising need to fill critical gaps in the corporate insolvency...