The IBC has clearly outlined the powers and duties of the resolution professional that he can exercise during the insolvency resolution process
One homebuyer alone can proceed against the builder to Bankruptcy Court
President Ram Nath Kovind has given his nod to promulgate an ordinance amending the insolvency law, recognising homebuyers as financial creditors to real estate developers.
IBC latest amendments have helped small stakeholders but delayed the process
The latest ordinance has brought about a lot of changes to the IBC giving relief to small stakeholders and homebuyers but this relief has caused delays in executing the process.
President approves Insolvency & Bankruptcy Code (Amendment) Ordinance, 2018
A big relief to homebuyers and promoters and now they can be an equal part of the CoC, as the President also has given his assent to the Ordinance effecting amendments in insolvency code.
Insolvency Resolution Process of Corporate Person by Operational Creditor
In this article we will discuss about the insolvency process by an Operational Creditor and extensively cover the entire topic in the most precise manner.
Insolvency and Resolution Process of Corporate Debtor
In this article we will precisely discuss about the conduct of insolvency process by corporate debtor who is also called as corporate applicant.
Plea for stay of resolution of Binani Cement rejected by the Supreme Court
The Supreme Court rejected an appeal by Dalmia Bharat , one of the bidder who lost out to UltraTech Cement in the second round of bidding, to stay the resolution process of Binani Cement.
MahaRERA: RERA Authority is very strict on the RERA Compliance part by the Builders
Being the leading State MAHARERA is very strict on the builders as far as the RERA compliances are concerned, in Maharashtra, a promoter should update the progress report of the project on the MAHARERA website
Homebuyers relief is a matter of concern for financial Institutions to lend to developers
The homebuyers have got a huge sigh of relief, and are finding it easier to get their money back which was a big deal before the enactment of IBC.
PNB to raise 13,000 Cr through IBC resolution and asset sale
To rescue themselves from this misfortune Fraud-hit Punjab National Bank plans to raise Rs 13,000 crore through stake sale in subsidiaries and recovery of bad loans by September end.
Insolvency Resolution Process of Corporate Person by Financial Creditor
Initiation process of Insolvency Resolution by a financial creditor in the easiest possible manner along with the time line that is required to be followed.
West Bengal Deviates its RERA rules from Central Act
Real estate projects under RERA Act has gotten a difficulty as West Bengal government has articulated its own law for the part in the state.
Promoters abusing IBC, contends stakeholders of TechPro and Educomp
The IBC in section 29A bars promoters to take part in bidding process thus making them ineligible for representation in the committee of creditors.
IBC hits the realty sector- will it alter changes in this sector too?
The IBC ordinance is the latest entry into the ring. What does it hold for homebuyers like you and me? A lot.
Insolvency Resolution and Liquidation for Corporate Person
This article discusses about the main components of this Code which forms the base of this very legislation.
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