{"id":89783,"date":"2021-08-02T11:38:03","date_gmt":"2021-08-02T06:08:03","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=89783"},"modified":"2021-08-03T11:41:56","modified_gmt":"2021-08-03T06:11:56","slug":"8-resolved-65-settled-withdrawn-and-23-ordered-for-liquidation-in-insolvency-cases-under-ibc-in-real-estate-sector","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/8-resolved-65-settled-withdrawn-and-23-ordered-for-liquidation-in-insolvency-cases-under-ibc-in-real-estate-sector\/","title":{"rendered":"8 resolved, 65 settled\/withdrawn and 23 ordered for liquidation in insolvency cases under IBC in real estate sector"},"content":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964<\/a><\/p>

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DELHI : 02 AUG 2021\u00a0<\/strong><\/h2>\n<\/div>\n

In the insolvency of real estate companies,\u00a0212 applications pertaining to real estate sector were admitted for Corporate Insolvency Resolution Plan (CIRP) under the Insolvency & Bankruptcy Code (IBC), of these, 8 cases were resolved, 65 cases have been settled or withdrawn and 23 cases were ordered for liquidation and for rest, process is ongoing. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Lok Sabha today.<\/p>\n

The Minister further said that the insolvency resolution process is market driven and the outcome depends on market forces.<\/p>\n

The Minister stated that\u00a0Insolvency and Bankruptcy Code (the Code) was enacted on 28th\u00a0May, 2016 and the Insolvency and Bankruptcy Board of India was established on 1st\u00a0October, 2016 to exercise regulatory functions under the Code. Further, the provisions for corporate insolvency resolution process (CIRP) were notified w.e.f. 1st\u00a0December, 2016.<\/p>","protected":false},"excerpt":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964 DELHI : 02 AUG 2021\u00a0 In the insolvency of real estate companies,\u00a0212 applications pertaining to real estate sector were admitted for Corporate Insolvency Resolution Plan (CIRP) under the Insolvency & Bankruptcy Code (IBC), of these, 8 cases were resolved, 65 […]<\/p>\n","protected":false},"author":12,"featured_media":64141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122],"tags":[48614,15509],"class_list":["post-89783","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national","category-news","tag-ibc","tag-ministry-of-corporate-affairs"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t