MahaRERA comes up with non-negotiable clauses in model agreements for sale

December 15, 2022

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has come up with non-negotiable clauses in the model agreement for sale. Under this, developers cannot modify the information which is necessary to be put into the agreement document. This will enable transparency...

Read More

Focus on governance, business conduct, data protection: RBI governor to fintechs

December 15, 2022

On Wednesday, Reserve Bank of India (RBI) governor Shaktikanta Das advised fintech to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance, and risk mitigation frameworks. At a meeting with a select fintech firm, Das reiterated..

Read More

Sebi planning 'micro' REITs to boost nascent market: Source

December 15, 2022

India's market regulator is planning to allow "micro" real estate investment trusts (REITs), according to a senior official, to bring a wider set of property companies to the nascent market  as India emerges from a pandemic-induced lull.  The Securities and Exchange Board of India..

Read More

IBC Does Not Prohibit An Assignee From Continuing Pending Section 7 Proceedings: NCLAT Delhi

December 15, 2022

The National Company Law Appellate Tribunal ("NCLAT"), while adjudicating an appeal filed in Siti Networks Ltd. v Assets Care and Reconstruction Enterprises Ltd. & Anr., has held that there is no prohibition in the IBC or any of the Regulations..

Read More

Asset Reconstruction Companies as Resolution Applicants

March 24, 2021 EDITORIAL TEAM INSOL India

The inconsistency between the provisions of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 and those of the IBC regarding asset reconstruction companies (“ARCs”) had come up recently when the resolution plan submitted by..

Read More

IBC emerges as major mode of NPA recovery

March 15, 2021 EDITORIAL TEAM INSOL India

Non-performing assets (“NPAs”) recovered by scheduled commercial banks by way of CIRP under the IBC increased to about 61 per cent of the total amount recovered. IBC, under which recovery is incidental to the rescue of companies, remained the dominant..

Read More