Govt will not go bankrupt helping the poor — Anwar

KOTA BHARU (Oct 31): The government will not become poor or go bankrupt by helping the less fortunate, as the real threats to the country’s economy are misconduct among leaders, corruption and financial leakages, Prime Minister Datuk Seri Anwar Ibrahim said. He said providing assistance to low-income groups was the government’s responsibility to ensure that…

Govt will not go bankrupt helping the poor, says Anwar

KOTA BARU: The government will not become poor or go bankrupt by helping the less fortunate, as the real threats to the country’s economy are misconduct among leaders, corruption and financial leakages, saus Datuk Seri Anwar Ibrahim. The Prime Minister said providing assistance to low-income groups was the government’s responsibility to ensure that the benefits…

IBBI Amends CIRP Regulations To Provide For Project-Wise Resolution Of Real Estate Companies

The Insolvency and Bankruptcy Board of India has amended the Insolvency Resolution Process for Corporate Persons Regulations, 2016, introducing project-specific measures for corporate debtors undergoing insolvency proceedings and having real estate projects. Under the Fifth Amendment Regulations, the Committee of Creditors (CoC) can recommend exclusion of an individual real estate project from the Corporate Insolvency…

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IBBI amends regulations to strengthen insolvency  resolution of stressed real estate projects

NEW DELHI, Oct 31:  To expedite real estate insolvencies, regulator IBBI has notified amendments to regulations providing for project-wise treatment, enhanced disclosures, stronger participation of homebuyers as well as detailed cost-assessment that will help attract more realistic bids. Against the backdrop of issues, challenges and delays being faced in the resolution of stressed real estate…