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ARTICLE · 29 MAY 2023

Real Estate Ecosystem Under IBC

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This research paper highlights how the Code has evolved from its initial stage, specifically in dealing with insolvency in the real estate sector.

IndiaInsolvency/Bankruptcy/Re-Structuring

Abstract

The insolvency laws in India are in its empirical stage, however they fail to mitigate a lot of issues including and not limited to low recovery rates, huge haircuts, prolonged delays, digitalisation of insolvency ecosystem, shortage of resources etc. Since India is a developing nation, real estate is one of those sectors which is on its peak and has the maximum number of disputes arising out of it. There are various laws and amendments which are constantly being implemented to resolve these disputes in the most efficient manner. However, the homebuyers remain stuck in long legal battles which keep on draining their hard-earned money and their dream of owning a house for which they had spent their lifetime savings becomes a hard nut to crack.

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