Govt Contemplates Abandoning Special Insolvency Framework for Real Estate

29 Feb 2024 CW Team

In a potential restructuring of the regulatory framework, the Central Government is contemplating the abandonment of the specialised Insolvency and Bankruptcy Code (IBC) framework crafted for the real estate sector. This reconsideration reflects a possible overhaul in how the government approaches insolvency matters within the real estate industry.

The dedicated IBC framework for the real estate sector was formulated to address the unique challenges and complexities of insolvency cases in the realty domain. However, recent evaluations and feedback have prompted the government to reassess the effectiveness and feasibility of this specialised approach.

The proposed shift is part of a broader review aimed at enhancing the efficiency and adaptability of insolvency proceedings in the real estate sector. If implemented, the move could bring the real estate industry under the purview of the standard IBC framework, aligning it with other sectors and streamlining the insolvency resolution process.

This potential change underscores the government's commitment to refining regulatory mechanisms to better suit the evolving dynamics of the real estate sector. The decision, once finalised, will likely have implications for stakeholders involved in insolvency cases within the real estate industry.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..