Streamlining Real Estate Insolvency: IBBI’s Blueprint for Transparent, Inclusive Resolutions

Introduction On 7-11-2024, the Insolvency and Bankruptcy Board of India (IBBI), the regulatory authority that oversees insolvency in India, released a discussion paper on issues related to real estate insolvency.1 The discussion paper, based on the findings and recommendations2 of a study group formed by the Indian Institute of Insolvency Professionals of ICAI (IIIPICAI), focused…

Access Denied

Access Denied You don’t have permission to access “http://www.business-standard.com/markets/cian-healthcare-ltd-share-price-74131/announcements/bse-exchange-47655657” on this server. Reference #18.529c3e17.1752040291.10d86a76 https://errors.edgesuite.net/18.529c3e17.1752040291.10d86a76 Read the original article here

BRIEF: GAC-Stellantis joint venture officially declared bankrupt – Bamboo Works

Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the liquidation of their joint venture, GAC Fiat Chrysler Automobiles Co. Ltd. (GAC FCA), officially declared the venture bankrupt. The court-appointed bankruptcy administrator confirmed that the company was unable to repay its debts and lacked the…