The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at.
Jet Aircraft Maintenance Engineers vs Ashish Chhawchharia on 18 January, 2024 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.
The Supreme Court has held that when the National Company Law Tribunal (“NCLT”) exercises its power under Section 31(2) of the Insolvency and Bankruptcy Code, 2016 to not approve a resolution plan,.
The IBBI discussion paper has proposed keeping properties that are in the possession of homebuyers from the ambit of liquidation. It has also proposed mandatorily registering projects under the Real Estate Regulatory Authority.
A paper by two senior functionaries of the insolvency regulator in India has proposed amending the bankruptcy law to include consideration of ESG factors in the evaluation of resolution plans for stressed firms. The paper suggests expanding the role of insolvency professionals to consider ESG risks and opportunities during the restructuring process.