Photo of Ayushee Singh

Ayushee Singh

Associate in the Financing Practice at the Mumbai office of Cyril Amarchand Mangaldas. Ayushee can be reached at ayushee.singh@cyrilshroff.com.

This blog discusses how the Supreme Court in its recent judgment of Mansi Brar Fernandez vs. Subha Sharma[1] (“Mansi Brar”), has reinforced theprinciple laid down in the case of Pioneer Urban Land and Infrastructure Ltd v. Union of India,[2] (“Pioneer Urban”) of distinguishing a speculative investor from a genuine homebuyer. It also highlights the Court’s key directives and suggestions aimed at reforming real estate insolvency framework.Continue Reading The Mansi Brar Judgment – Reaffirming the Pioneer Principle and a push towards crucial reforms in real estate insolvency

Latest Reforms in Real Estate CIRP: Strengthening the position of Homebuyers

The Insolvency and Bankruptcy Board of India (“IBBI”) has recently notified several key amendments[1] in the CIRP Regulations[2], which aim to further streamline CIRPs[3] with special focus on real estate (RE) projects. These amendments give a formal effect to the recommendations/ suggestions that were proposed in the IBBI’s discussion paper, dated November 7, 2024, with an aim to enhance transparency, efficiency, and inclusivity of homebuyers in light of the unique challenges that arise in the CIRP of a RE entity.Continue Reading Latest Reforms in Real Estate CIRP: Strengthening the position of Homebuyers