Real estate firms stuck in insolvency courts have a slower resolution rate, study shows – Economic Times
Real estate comprises a significant portion – more than a fifth – of filed insolvency cases, although approved resolution plans total only 13%, a study by Grant Thornton Bharat showed. Out of 2,298 Corporate Insolvency Resolution Process (CIRP) cases under the Insolvency & Bankruptcy Code, 518 are related to real estate. Surprisingly, only 78 out…