September 1, 2023: The insolvency and bankruptcy code (IBC) should be used as the last resort to resolve cases pertaining to struck housing projects, a government panel has recommended. The committee, which was constituted under … READ FULL STORY
The Centre is mulling changes in the insolvency law for faster wrapping up for builder insolvencies, reported US news agency Bloomberg. According to the report, which quoted unnamed sources, the changes in the Insolvency and Bankruptcy Code (IBC) … READ FULL STORY
NCLT full form NCLT is the short for National Company Law Tribunal. What is NCLT? The NCLT is a quasi-judicial body in India that established under the Companies Act, 2013. Constituted on June … READ FULL STORY
The central government in India, in 2016, introduced a code to resolve insolvency cases amid a spike in the number of bankruptcies. This law is known as the IBC or the Insolvency and Bankruptcy … READ FULL STORY
Nearly three months after his company received an approval by the insolvency tribunal to complete the takeover, billionaire Ajay Piramal has completed the takeover process of embattled Dewan Housing Finance Corporation (DHFL), Piramal Group … READ FULL STORY
The Mumbai Bench of the National Company Law Tribunal (NCLT) has directed the resolution professional (RP) of beleaguered property company Housing Development & Infrastructure (HDIL) to make available all relevant documents to the company’s … READ FULL STORY
The need of the hour, is to bring in amendments, to make the RERA the first forum for complaints pertaining to real estate, Satish Magar, president, CREDAI national, said. Magar was speaking at the … READ FULL STORY
The government, on July 18, 2019, made the anti-money laundering law more stringent, through amendments to the Finance Bill, 2019, in the Lok Sabha, which was later approved by the house, by a voice … READ FULL STORY
Owning a home, for an average Indian, is a lifelong dream. There have also been numerous instances, where thousands of aspiring home buyers have suffered, owing to poor financial management on the part of … READ FULL STORY
President Ram Nath Kovind has given his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, according to an official release. “The ordinance provides significant relief to home buyers, by recognising their … READ FULL STORY
In a welcome news for home buyers, the union cabinet, on May 23, 2018, has reportedly approved amendments to the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers the status of financial creditors. … READ FULL STORY
