NCLT: IBC Not a Recovery Tool

21 Sep 2023 CW Team

The National Company Law Tribunal (NCLT) has emphasised that the Insolvency and Bankruptcy Code (IBC) should not be employed as a primary tool for financial recovery in the realm of urban infrastructure. This significant revelation comes as a response to the evolving challenges faced by the infrastructure sector in India.

The NCLT's stance underscores the need for a more nuanced approach in resolving financial distress within the urban infrastructure domain. While the IBC serves as a crucial mechanism for insolvency and debt resolution, relying solely on it for recovery may not be feasible in this context.

This pronouncement reflects the broader concerns surrounding the intricacies of infrastructure projects and their multifaceted financial arrangements. In light of this, stakeholders are urged to explore alternative methods and strategies for addressing financial challenges within the sector, fostering sustainable growth and development.

The NCLT's stance serves as a crucial reminder that the dynamics of the infrastructure sector necessitate tailored solutions, ensuring the stability and vitality of urban infrastructure projects in India.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..