Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025 - IBBI/2024-25/GN/REG122 - Insolvency and Bankruptcy
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Facilitator appointments bolster sub class creditor representation and mandate possession transfer and development rights reporting in real estate insolvency. New regulations require the resolution professional, after committee approval, to hand over possession and facilitate registration where an allottee has performed contractual obligations. For very large creditor classes, the committee may appoint up to five facilitators for sub classes meeting request thresholds; facilitator fees are fixed as a percentage of authorised representative fees and included in insolvency process costs. Resolution professionals must prepare and submit, within the prescribed timeline, a report on development rights and permissions for any real estate project to the committee and Adjudicating Authority.
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.
Facilitator appointments bolster sub class creditor representation and mandate possession transfer and development rights reporting in real estate insolvency.
New regulations require the resolution professional, after committee approval, to hand over possession and facilitate registration where an allottee has performed contractual obligations. For very large creditor classes, the committee may appoint up to five facilitators for sub classes meeting request thresholds; facilitator fees are fixed as a percentage of authorised representative fees and included in insolvency process costs. Resolution professionals must prepare and submit, within the prescribed timeline, a report on development rights and permissions for any real estate project to the committee and Adjudicating Authority.
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