Browsing Tag

real estate insolvency

2 posts
Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums

Bombay HC Lets IL&FS Chase HDIL’s ₹204 Crore Loan from Main Borrower Despite Insolvency Shield

Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums
ED allows release of assets attached under PMLA to support insolvency resolution under IBC.

ED Allows Release of Attached Assets to Help IBC Resolution, Boost Recovery for Banks & Homebuyers

ED and IBBI introduce a unified mechanism allowing release of PMLA-attached assets for IBC resolution. This move is expected to unlock value in stalled insolvency cases and improve recovery for creditors and homebuyers.