Govt mulls quicker resolution of builders’ insolvency

26 Dec 2022 CW Team

According to those with knowledge of the situation, India intends to implement new regulations for managing bankruptcy cases involving real estate that will benefit homebuyers even while their builders shut down.

The persons, who asked to remain anonymous since the material is private, stated that the planned amendment to the country's Insolvency and Bankruptcy Code will allow resolution of the cases on a project-by-project basis. According to them, this will allow finished flats to be delivered to homebuyers even as the developer's bankruptcy procedure is ongoing.

The corporate affairs ministry's spokesperson declined to comment.
Inderjit Singh Rao, the minister of state for corporate affairs, had informed the MPs in August that as of June this year, 436 of the 1,999 cases of corporate insolvency still outstanding were in the real estate industry. A unique framework is required to address the intricacies of the real estate sector because the IBC had little success in timely resolving such issues.

They added that the government also intended to streamline pre-packaged resolution plans, create flexible strategies for treating operational and non-viable assets independently, and develop a central platform for case registration in order to speed up resolutions.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..