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...
homebuyers
Only 17% real estate insolvency cases have seen resolution
India’s insolvency framework for real estate is showing mixed outcomes nearly nine years after the rollout of the Insolvency and...
Panel proposes project-centric, completion-driven approach to resolve real estate insolvency cases
In a sweeping attempt to overhaul the insolvency framework for the real estate sector, a committee set up by the...
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...
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...