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ARTICLE · 30 JANUARY 2024

Restructuring & Insolvency Monthly Update | January 2024

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The Insolvency and Bankruptcy Board of India (IBBI) vide discussion paper dated November 06, 2023 sought comments on the prospective amendments...

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STATUTORY UPDATES

Discussion paper on real estate related proposals – CIRP & liquidation

  • The Insolvency and Bankruptcy Board of India (IBBI) vide discussion paper dated November 06, 2023 sought comments on the prospective amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Process) Regulations, 2016 (CIRP Regulations) and Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations).
  • The paper aims to deal with the following issues faced during the insolvency resolution processes of real estate projects:
    • Mandatory registration and extension of projects under Real Estate Regulatory Authority (RERA)

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