Taxmann's Analysis | Real Estate Insolvency – IBBI's Key Proposals for a Transparent IBC Process
About this ebook
Key proposals include:
‣ Inviting Land Authorities as Special Participants in CoC Meetings for Real Estate CIRPs
‣ Mandating Reporting of Pre-Insolvency Land Allotment Cancellations for Improved CoC Decision-Making
‣ Facilitating Allottee Associations’ Participation through Relaxed Eligibility and Deposit Requirements
‣ Standardizing the 8% Interest Rate in Homebuyers’ Claims and Voting Shares
‣ Improving Representation for Large Creditor Classes with the Support of Facilitators
‣ Enhancing Transparency by Sharing CoC Meeting Minutes with All Creditors in Real Estate Projects
‣ Enabling Transfer of Ownership of Completed Units During CIRP with CoC Approval
About the author
At the heart of Taxmann Publications lies the Research & Editorial Team, established from a cadre of Chartered Accountants, Company Secretaries, and Lawyers. This group, operating under the guidance of Editor-In-Chief Mr Rakesh Bhargava, is the cornerstone of Taxmann's commitment to delivering unparalleled content accuracy and reliability.
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