News & Media 11th Nov 2025
Our Senior Counsel Mukesh Chand shares his insights in ETCFOs latest article, “IBBI’s project-wise insolvency plan can boost solvent buildings, but lead to tax woes, developer misuse” by Shivam Tyagi.
He states that NCLAT had introduced the concept of project-wise insolvency as early as 2020 in Flat Buyers Association Winter Hills-77 vs. Umang Realtech (P) Ltd., marking a shift from corporate-level insolvency to project-specific resolution. IBBI’s latest move seeks to formalize this approach and prioritize project completion over liquidation.
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