New Delhi, April 10 (IANS) Strengthening India’s real estate insolvency framework needs a fundamental shift from entity‑level resolutions to a project‑centric model that prioritises completion and delivery of homes, a report said on Friday.The report from ICRA called for strengthening coordination between the Insolvency and Bankruptcy Code, 2016 and the Real Estate (Regulation and Development) Act, 2016 to achieve this transition.The Committee on Framing Guidelines for Insolvency Proceedings…
Latest Insolvency and Bankruptcy Board of India News & Updates
New Delhi, Jan 13 (IANS) The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee to formulate guidelines and regulations to enable a framework for assured payouts under the National Pension System (NPS).This move aligns with the provisions of the PFRDA Act and aims to enhance the security of retirement income for subscribers, according to a Finance Ministry statement issued on Tuesday.The committee will be chaired by Dr M.S. Sahoo, Founder of Dr Sahoo…
New Delhi, Dec 29 (IANS) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICR…