class="post-template-default single single-post postid-8355 single-format-standard wp-custom-logo wp-embed-responsive jeg_toggle_light jeg_single_tpl_1 jnews jsc_normal elementor-default elementor-kit-6683">
MNS Store
MONEY NOT SLEEP
  • Indian Stock Market
  • International Market
  • Crypto
  • International News
  • हिंदी मे
  • My Tools
No Result
View All Result
  • Indian Stock Market
  • International Market
  • Crypto
  • International News
  • हिंदी मे
  • My Tools
No Result
View All Result
MONEY NOT SLEEP
MNS Store
Home Editorial

India is developing new regulations to address the insolvency of builders more quickly

moneynotsleep by moneynotsleep
December 23, 2022
in Editorial, India News, Indian Stock Market
1
new regulations
0
SHARES
1
VIEWS

According to those who know the situation, India intends to implement new regulations for managing bankruptcy cases involving real estate that will benefit homeowners even while their builders shut down.

The persons, who asked to remain anonymous since the material is private, stated that the planned amendment to the country’s Insolvency and Bankruptcy Code would allow the new regulations of the cases on a project-by-project basis. According to them, this will allow finished flats to be delivered to homebuyers even as the developer’s bankruptcy procedure is ongoing.

The corporate affairs ministry’s spokeswoman declined to comment.

Over the years, the Indian real estate market has seen a number of builders go out of business, leaving customers in a difficult situation owing to the uncertainty of the completion and delivery of the homes in which their life savings were invested. The completion of all of the developer’s unfinished projects is halted by admission into the insolvency proceedings under the present rules.

Inderjit Singh Rao, the junior minister for corporate affairs, had informed the MPs in August that as of June this year, 436 of the 1,999 instances of corporate insolvency still pending were in the real estate industry. A unique framework is required to address the intricacies of the real estate industry because the IBC had limited success in quickly resolving such issues.

The government also intends to develop a unified platform for case registration, streamline pre-packaged resolution plans, and offer customizable options for managing operational and nonviable assets independently in order to speed up settlements, they claimed.

Related

moneynotsleep

moneynotsleep

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Stock market loopholes in India

8 Major Stock Market Loopholes In India

December 3, 2022
New York Stock Exchange (NYSE), USA

Top 10 biggest stock exchanges in the world 2022

November 26, 2022
stocks for swing trading

How To Select Stocks For Swing Trading

November 30, 2022
Top Stock Market Investors In India 2022 And Their Portfolios

Top Stock Market Investors In India 2022 And Their Portfolios

December 1, 2022
New York Stock Exchange (NYSE), USA

Top 10 biggest stock exchanges in the world 2022

3

Amazon is the latest company to join the wave of layoffs, following Meta and Twitter

2
TATA TECH IPO

Tata Tech IPO Is Coming: First IPO After 18 Years

2
Union Budget 2023

Union Budget 2023: what should you anticipate

2
Nalco Q4 Performance

Nalco Q4 Performance Drives Impressive Surge in Share Prices

May 27, 2023
Sun Pharma Offers

Sun Pharma All-Cash Offers to Acquire 100% Stake in Taro

May 27, 2023
ONGC Q4 Net Profit

ONGC Q4 Net Profit Plunges 53% to Rs 5,701 Crore

May 27, 2023
Mean Reversion Trading

Intraday Trading Strategies: Mean Reversion Trading

May 24, 2023

Recent News

Nalco Q4 Performance

Nalco Q4 Performance Drives Impressive Surge in Share Prices

May 27, 2023
Sun Pharma Offers

Sun Pharma All-Cash Offers to Acquire 100% Stake in Taro

May 27, 2023
ONGC Q4 Net Profit

ONGC Q4 Net Profit Plunges 53% to Rs 5,701 Crore

May 27, 2023
Mean Reversion Trading

Intraday Trading Strategies: Mean Reversion Trading

May 24, 2023
Nalco Q4 Performance
Indian Share Market

Nalco Q4 Performance Drives Impressive Surge in Share Prices

by DigiBro Digital
May 27, 2023
0

Introduction Welcome to our comprehensive analysis of National Aluminium Company Limited's (NALCO) remarkable performance in the fourth quarter of the...

Read more
Sun Pharma Offers

Sun Pharma All-Cash Offers to Acquire 100% Stake in Taro

May 27, 2023
ONGC Q4 Net Profit

ONGC Q4 Net Profit Plunges 53% to Rs 5,701 Crore

May 27, 2023
Mean Reversion Trading

Intraday Trading Strategies: Mean Reversion Trading

May 24, 2023
Pattern Trading

Intraday Trading Strategies: Pattern Trading

May 24, 2023
  • About us
  • Apply For Job
  • Contact us
  • Disclaimer
  • Privacy policy

© 2022 Moneynotsleep

No Result
View All Result
  • Crypto
  • Indian Stock Market
  • International Market
  • International News
  • हिंदी मे
  • My Tools

© 2022 Moneynotsleep