The Insolvency and Bankruptcy Code (IBC) has transformed the real estate sector, providing a time-bound framework for resolving stressed assets. Key developments include:
– Resolution Plans: Reviving stalled projects and protecting stakeholder interests.
– Increased Scrutiny: Regulatory oversight requires stakeholders to be proactive.
Best Practices:
– Proactive Risk Management: Mitigate insolvency risks.
– Expert Guidance: Navigate complex legal frameworks.
Future Outlook:
Staying informed about IBC developments and best practices is crucial for stakeholders to navigate challenges and capitalize on opportunities.
