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Get the free How IBBI Plans To Ease Stressed Real Estate Firms Resolution - ibbi gov

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DISCUSSION PAPER REALESTATE RELATED PROPOSALS CIRP & LIQUIDATION 6th November, 2023. 1. The discussion paper deals with the following issues being faced in insolvency processes of realestate projects:
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IBBI plans to streamline and enhance the process for resolving insolvency and promoting transparency in financial markets.
Entities that are undergoing insolvency proceedings or seeking resolution under IBBI guidelines are required to file.
Filling out the form requires gathering necessary financial documents, following the prescribed format, and submitting it through the IBBI portal.
The purpose is to provide a clear framework for the resolution of distressed assets and to enhance accountability among stakeholders.
Information related to the financial position, assets, liabilities, and details of creditors must be reported.
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