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Koko’s Rwanda subsidiary files insolvency proceedings

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Only 17% real estate CIRPs have seen resolution

India’s insolvency framework for real estate is showing mixed outcomes nearly nine years after the rollout of the Insolvency and Bankruptcy Code (IBC), with a large proportion of cases still pending and thousands of homebuyers awaiting closure. According a committee report, 553 real estate corporate insolvency resolution processes (CIRPs) had been admitted under the IBC…