‘Safe to fail’: Insolvency safe harbours will rescue struggling companies – The Australian Financial Review

The government’s introduction of a safe harbour to protect directors from insolvent trading liability will drive a culture change expected to prevent the premature collapse of companies, according to experts. Minister for Revenue and Financial Services Kelly O’Dwyer has rallied lawyers and turnaround professionals to back the government’s changes, saying they will be key to…

Home buyers group ‘Fight for RERA’ knocks on Prime Minister’s door – Economic Times

A pan-India home buyers’ pressure group, Fight For RERA, has reached out to Prime Minister Narendra Modi to seek an amendment to the Insolvency & Bankruptcy Code 2016 to prioritise homebuyers‘ interest in insolvency proceedings. The pressure group has appealed to the government to provide powers to realty regulators through the Real Estate (Regulation and…

With massive Jaypee Infratech, Jaypee Aman losses staring them in face, here is what homebuyers should really know – Financial Express

Buyers are likely to benefit from insolvency of developers as work is in progress and handover of completed projects is being expedited. A handful of developers in the National Capital Region have filed for insolvency. However, a majority of investors (about 90%) are still unaware of their rights as also how are they impacted in…