NCLT Bengaluru Dissolves Sezzle Payments After Completion Of Voluntary Liquidation

The National Company Law Tribunal at Bengaluru on Friday ordered the dissolution of Sezzle Payments Private Limited following completion of its voluntary liquidation process under Section 59 of the Insolvency and Bankruptcy Code, 2016. A coram of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada held: “On examination of the submissions and documents…

IBBI Amends Rules for Real Estate Insolvency, Boosts Homebuyers: Rediff Moneynews

IBBI strengthens real estate insolvency resolution with new amendments. Focus on project-wise treatment, enhanced disclosures, and stronger homebuyer participation. Key Points IBBI amended regulations to expedite and strengthen real estate insolvency resolution. New rules mandate project-wise financial management, technical assessments, and enhanced disclosures. The amendments aim to boost homebuyer participation and ensure their concerns are…

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…