Real Estate
NCLT Orders Jaiprakash Associates to Proceed with Single Resolution Plan
The National Company Law Tribunal (NCLT) has directed Jaiprakash Associates to continue with the single resolution plan, which includes the submission of an Expression of Interest (EOI) for one or more of the 12 business clusters identified by the Resolut
Real Estate
Home Buyers to Get Possession During Insolvency Resolution: IBBI
As of June 2024, around 1,400 real estate and construction firms have entered the insolvency resolution process under the IBC. The Insolvency and Bankruptcy Board of India (IBBI) has introduced new rules to aid homebuyers.
Real Estate Mumbai
Home Buyers to Get Possession During Real Estate Insolvency Resolution Process: IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to allow resolution professionals (RP) to hand over possession of properties to homebuyers during the insolvency resolution process. These changes aim to streamline the
Real Estate
Supertech Township Gets Two Weeks to Finalize Settlement Proposal
NCLAT grants two weeks time for Supertech Township's settlement proposal. Asks firm to publish it on its website so that it can be accessed by all stakeholders.
Real Estate
IBBI's New Regulations for Corporate Insolvency Resolution: What You Need to Know
New regulations for corporate insolvency resolution in India: How they impact real estate projects and more.
Real Estate Mumbai
NCLAT Rejects Tax Claim Against Reliance Communications, Citing Insolvency Initiation
The National Company Law Appellate Tribunal (NCLAT) has dismissed a tax claim filed by the state tax department against Reliance Communications, stating that the assessment was made after the initiation of the insolvency resolution process.