Tag: IBBI

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IBBI Aims to Simplify Real Estate Insolvency for Homebuyers

The bankruptcy regulator proposed several measures on Tuesday to streamline regulations and expedite insolvency processes in the real estate sector. This includes allowing the exclusion of completed or unaffected housing projects from the rescue procedure, pending agreement from financial creditors. In its discussion paper, the Insolvency and Bankruptcy Board of India (IBBI) suggested safeguarding project-specific cash flows to prevent fund diversion. It aims to require resolution professionals to maintain project-specific financial records and ensure all transactions are conducted through designated bank accounts. Additional proposals include simplifying the handover process for homebuyers, creating a standardized claim form for real estate allottees,…

IndustryLatest Stories

Creditors Recovered ₹4 Lakh Cr; ₹14 Lakh Cr Settled Pre-Admission

NEW DELHI: Creditors have successfully recovered over Rs 4 lakh crore through resolution processes enabled by the insolvency law, which has been operational for a decade. Additionally, more than 30,000 cases, totaling nearly Rs 14 lakh crore, have been addressed at the pre-admission stage before the National Company Law Tribunal (NCLT). The Insolvency and Bankruptcy Code (IBC), which was implemented in 2016, emphasizes a time-bound and market-linked approach to resolving stressed assets. “As of March 2026, 1,419 cases have generated resolution plans, leading to the realization of over Rs 4 lakh crore for creditors. This amounts to 95% and 167%…

Latest StoriesRegulatory

ED, IBBI Set New Standards for Restoring Assets to Cheated Homebuyers

NEW DELHI: The Enforcement Directorate (ED) announced that the assets of bankrupt companies and their promoters, which were previously attached under anti-money laundering laws, will now be returned to affected parties like banks or homebuyers. This follows the establishment of a new standard operating procedure, as stated by the federal probe agency on Wednesday. The Insolvency and Bankruptcy Board of India (IBBI) issued a circular on November 4 after extensive coordination meetings with ED officials. The coordinated efforts resulted in a “standard undertaking” to be submitted by Insolvency Professionals (IPs) to the special PMLA court for releasing ED-attached assets for…