Insolvency and Bankruptcy Code: The loopholes that need to be plugged – Business Today

 Prosenjit Datta   New Delhi     Last Updated: March 13, 2018  | 14:42 IST As the 12 big cases referred under the Insolvency and Bankruptcy Code (IBC) to the National Companies Law Tribunal (NCLT) approach the 180 day deadline for resolution (though it can be increased by another 90 days), both the loopholes that need to be plugged and the…

Homebuyers may get a say in insolvency proceedings for real estate companies – Economic Times

MUMBAI: Homebuyers could be treated on a par with unsecured financial creditors at insolvency proceedings for real estate companies. If adopted, the move will cheer those who have acquired residences from companies such as Jaypee Inftratech, Unitech and Amrapali and find themselves at the back of the queue when it comes to seeking recompense. This…