Real Estate
IBBI Amends Rules to Ease Homebuyers' Woes in Insolvency Process
The Insolvency and Bankruptcy Board of India (IBBI) has introduced new rules to assist distressed homebuyers by allowing them to take possession of their properties during the resolution process. These measures aim to enhance the efficiency and transparen
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.
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 news
Adani Goodhomes' Resolution Plan for Radius Estates Gets NCLAT Nod
NCLAT upholds Adani Goodhomes' resolution plan for bankrupt real estate company Radius Estates