Study urges legal reforms for efficient real estate IBC cases

21 May 2024 CW Team

A recent study emphasises the urgent need for legal reforms to improve the efficiency of resolving real estate cases under the Insolvency and Bankruptcy Code (IBC). The current legal framework, according to the study, falls short in addressing the complexities unique to the real estate sector, leading to prolonged litigation and delayed resolutions.

The study points out that real estate projects typically involve a multitude of stakeholders, such as homebuyers, lenders, and developers, each with different and often conflicting interests. This complexity makes the resolution process under the IBC particularly challenging, resulting in lengthy legal proceedings and project delays. To address these issues, the study suggests specific legal reforms.

Among the key recommendations are the creation of specialised tribunals dedicated to handling real estate insolvency cases and amendments to the IBC that prioritise the interests of homebuyers. Enhanced dispute resolution mechanisms are also proposed to make the process more transparent and efficient. These changes aim to ensure fair and timely resolutions that protect the interests of all parties involved.

The study also highlights the importance of recognizing homebuyers as financial creditors under the IBC. This recognition would expedite project completions and safeguard the investments of individual buyers. Additionally, the study calls for better coordination between regulatory bodies and the judiciary to avoid jurisdictional conflicts and streamline case management.

In summary, the study underscores the critical need for targeted legal reforms tailored to the real estate sector within the insolvency framework. Implementing these measures could significantly enhance the resolution of real estate insolvency cases, benefiting stakeholders and contributing to the sector's stability and growth.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..