Amit Karia, a Mumbai-based insolvency professional, has handled a number of complex corporate insolvency resolution processes (CIRPs) over the past few years. Out of 10 CIRPs, he managed to get resolution in five of them – four of which are related to real estate companies. Karia has demonstrated a remarkable ability to achieve swift resolutions in CIRPs. The average time for successful resolutions under his guidance is 225 days against overall average of 340 days. We recently spoke to Amit Karia, who is also a member of IPE Incorp Restructuring Services LLP. Here’s an edited excerpt:
You have handled some of the challenging CIRP cases of real estate companies. What are the major challenges faced in resolution…
