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Blogs - Priyanshi Jaiswal, Author at Centrik

CentrikArticles by: Priyanshi Jaiswal

Author: Priyanshi Jaiswal

NBCC to handover 27,223 houses of Amrapali Group soon

Posted by Priyanshi JaiswalPosted on April 7, 2020April 7, 20200 CommentsCategories RERA ConsultingTags custody for the unsold inventory, hope for the aggrieved homebuyers, process of completion of housing projects of Amrapali Group, relief to the homebuyers, Relief to the stressed homebuyers, role of NBCC, stalled projects of Amrapali Group

Out of the total 45,000 houses in the stalled projects of Amrapali Group, the process of completion of about 40000 housing units has begun. A huge relief to the homebuyers.

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Last Mile Funding- Government bringing relief to the Home buyers

Posted by Priyanshi JaiswalPosted on March 30, 2020March 31, 20200 CommentsCategories RERA ConsultingTags aggrieved homebuyers based in Bengaluru and Mumbai, incomplete projects across India, last-mile funding of Real estate Projects, Last-Mile Funding to boost housing, last-mile funding will help homebuyers, Meaning of Last-Mile Funding, Relief to the Home buyers, what is Last-Mile Funding

The Government cleared the last mile funding for 2 stuck housing projects with over Rs. 540 crore capital commitment. That will provide relief to over 1,800 troubled homebuyers based in Bengaluru and Mumbai.

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A ray of hope for Supertech Home Buyers- Company to sell assets to complete Projects

Posted by Priyanshi JaiswalPosted on March 28, 20200 CommentsCategories RERA ConsultingTags hope for home buyers, issue of funds, real estate projects based in Delhi and NCR, Relief for homebuyers, Supertech Home Buyers

Supertech plans to sell its assets to raise money for its real estate projects. The Real Estate Firm has various real estate projects based in Delhi and NCR

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New IBC Amendments in work likely to benefit creditors in cases of Cross Border Insolvency

Posted by Priyanshi JaiswalPosted on February 23, 20200 CommentsCategories Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags Agreements to resolve insolvency proceedings, benefits to creditors in Cross Border Insolvency cases, cases of Cross Border Insolvency, corporate debtor under IBC, Corporate Debtor under IBC in India, cross border insolvency processes, Insolvency laws, insolvency proceedings, New IBC Amendments, what is cross border insolvency proceeding?

The IBBI has disclosed that work is in progress to amend the IBC to make it compliant with cross border insolvency processes.

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Creditors Recover of INR 3.75 Lakh Crore in 1.6 years at IBC/NCLT Pre- Admission Stage

Posted by Priyanshi JaiswalPosted on December 17, 2019December 20, 20190 CommentsCategories Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags application filed under IBC, cases admitted by the NCLT, Claims against the corporate debtors, creditors can get claims from the debtor company, Creditors Recover money from IBC and NCLT, IBC laws, Insolvency and Bankruptcy Laws, insolvency proceedings, Litigation Proceedings, recovery of money by the creditors

The recovery rate has increased almost three times i.e. from 26.5% in 2018 to 71.6% in 2019 and the time taken for recovery improved from 4.3 years to 1.6 years within a short span of one year.

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Aviva Life Insurance Company now a Corporate Debtor under IBC

Posted by Priyanshi JaiswalPosted on November 13, 2019December 21, 20190 CommentsCategories Insolvency & Bankruptcy Code 2016Tags Apeejay Group, Aviva is facing proceedings under the IBC, Aviva Life faces insolvency test, AVIVA LIFE INSURANCE, Aviva Life Insurance Company now a Corporate Debtor under IBC, Aviva Life under IBC, Financial creditor can file insolvency proceedings against the corporate debtor, first financial firm to enter NCLT, how to file claim against Aviva Life Insurance, IBC proceedings against Aviva Life Insurance, NCLT initiates insolvency proceedings against Aviva Life Insurance, NCLT orders insolvency proceedings against Aviva Life Insurance

Aviva Life is a joint venture between Dabur Invest Corp (Dabur group) and Aviva International Holding Ltd. This petition was filed against Aviva by Apeejay Trust for non-payment of rent and other relating dues totaling to over 27 lakh as claimed by Apeejay Trust in their petition.

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