A liquidity-starved realty sector needs more stress funds like SWAMIH. Institutions need to be encouraged to establish such reserves and extend credit facilities to a developer for last mile funding to complete stalled projects, even though the record of…

The government had on April 4 amended the insolvency law by bringing in an ordinance that provides for a pre-packaged resolution process for micro, small and medium enterprises

Oyo has challenged the NCLT order in the National Company Law Appellate Tribunal.

The pre-packaged insolvency framework across jurisdictions is known to plug this wide recovery gap. Pre-pack resolution plans are likely to facilitate adherence to the timelines prescribed under the Insolvency and Bankruptcy Code 

Over time, the assets of defaulters deteriorate in value, remain unproductive mostly and are prone to capture by defaulting promoters

The National Company Law Tribunal (NCLT) had ordered on November 30 that insolvency proceedings against MGF Developments be initiated and appointed Gaurav Katiyar as an interim resolution professional after suspending the board of the real estate company

Supertech went into insolvency on March 25 after the Delhi bench of NCLT admitted a petition filed by Union Bank of India for non-payment of dues. The company plans to move the appellate tribunal with an appeal.

Homebuyers should file their claims with the insolvency professional right away to ensure that their claim is recognised. A timely resolution, however, cannot be guaranteed.

Homebuyers should not panic but immediately file their claim with IRP as required under the law, says PSP Legal, which had filed several petitions against Supertech

Homebuyers should file their claims with the insolvency professional right away to ensure that their claim is recognised. A timely resolution, however, cannot be guaranteed.

The National Company Law Tribunal has admitted an insolvency petition filed by the Union Bank of India against Supertech and appointed Hitesh Goel as the insolvency resolution professional (IRP).

The National Company Law Tribunal has admitted an insolvency petition filed by the Union Bank of India against Supertech and appointed Hitesh Goel as the insolvency resolution professional (IRP).

National Textile Corporation defaulted in its payment of dues to an operational creditor, leading to the NCLT admitting the creditor's petition for initiating corporate insolvency resolution proceedings.