Real Estate
Creditors Push for Xinyuan Real Estate Bankruptcy in New York
Creditors of Chinese developer Xinyuan Real Estate Co Ltd. are taking steps to force the company into bankruptcy protection in New York in an effort to secure their claims.
real estate news
Revamping the Insolvency Process: New Rules for Bankrupt Real Estate Projects
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant amendments to the Insolvency and Bankruptcy Code, 2016, aimed at enhancing the resolution process, especially for real estate projects. These changes include better handover pr
real estate news
IBBI Suggests Reforms to Improve Real Estate Insolvency Processes
The Insolvency and Bankruptcy Board of India (IBBI) has proposed key reforms to streamline real estate insolvency procedures. These changes aim to enhance transparency, efficiency, and creditor protection in the sector.
Real Estate
Revamping Insolvency Resolution: Addressing the Plight of Operational Creditors under IBC
The median recovery for operational creditors under the Insolvency and Bankruptcy Code (IBC) stands at a mere 6%, highlighting the need for a hybrid insolvency resolution process to address their concerns.
Real Estate
Jaiprakash Associates' Creditors Stake Claim of Rs 51,914 Crore Amid Insolvency Proceedings
Financial creditors, including 31 banks and financial institutions, and 1,517 real estate allottees, have submitted claims worth Rs 51,914 crore to the resolution professional.