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        IBC

        Regulation 4D - Operating separate bank account for each real estate project

        Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016
        Chapter II
        GENERAL

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        Separate project bank accounts requirement ensures ring fencing of funds for each real estate project during insolvency resolution. A corporate debtor with any real estate project must have a separate bank account for each real estate project, which the interim resolution professional or the resolution professional shall operate and maintain during the insolvency resolution process to segregate project receipts and payments.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Separate project bank accounts requirement ensures ring fencing of funds for each real estate project during insolvency resolution.

                            A corporate debtor with any real estate project must have a separate bank account for each real estate project, which the interim resolution professional or the resolution professional shall operate and maintain during the insolvency resolution process to segregate project receipts and payments.


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