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50% of Real Estate Cases Under IBC Closed in 2020

Since the inception of the provisions for corporate insolvency resolution process (CIRPs) on December 1, 2016, a total of 4,008 CIRPs across various sectors had commenced as of September-end 2020. Of these, 473 have been closed on appeal or review or settled, 291 have been withdrawn, 1,025 have ended in orders for liquidation, and 277 have ended in approval of resolution plans. At present 1,942 CIRPs remain, for which banks and operational creditors are seeking resolution.

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Business

50% of Real Estate Cases Under IBC Closed in 2020

Since the inception of the provisions for corporate insolvency resolution process (CIRPs) on December 1, 2016, a total of 4,008 CIRPs across various sectors had commenced as of September-end 2020. Of these, 473 have been closed on appeal or review or settled, 291 have been withdrawn, 1,025 have ended in orders for liquidation, and 277 have ended in approval of resolution plans. At present 1,942 CIRPs remain, for which banks and operational creditors are seeking resolution.

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Technology

Here’s How Advanced Targeting Is Shaping Video Advertising Startups

Video advertising is considered the king of brand building, 96 percent of consumers find videos to be more helpful while making a buying decision. Also, 60 percent of viewers on a website prefer to watch videos than reading the text first. This has resulted in the wave of startups paving its way to the advertising space.

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