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  • Author :
  • 28 Sep, 2022
  • 1 min read

About the Company

The developer had come up with a layout of development of 32 acres of land with a residential development of 55 lacs plus sq. ft.
The company faced liquidity issues due to delays in receipt of statutory approvals, legal issues with regards to the classification of and end use of the land, high cost borrowings, delayed implementation.

Industry Focus

Timeline

2020

    Successful approval of Resolution Plan

2018

    IBC proceedings against company and appointments of InCorp IBC expert as RP

2016

    Liquidity issues emerge and work is halted

2013

  • Resolution of legal case
  • Start of work at site

2008

    Legal case with regard to end use of land

What was the client’s long-term vision?

  • To generate liquidity to fund the project implementation.
  • Protect the interests of all stakeholders to find a successful resolution plan

How did InCorp turn the client’s Vision to Reality

Client’s Main Challenges With InCorp
No developers showing interest in the takeover of the project. Identifying potential developers and showcasing the project viability to generate interest and onboard bids.
Lenders and home buyers demand on the project. Systematically managed and protected the interests of all stakeholders to find a successful resolution plan.
Project getting stuck due to liquidity issues. Assisted in highlighting the viability and providing information to the interested developers to prepare a thorough Resolution plan to turnaround the stressed project.

We are glad we got in touch with InCorp Advisory. We appreciate InCorps special attention towards helping us systematically manage and protect the interest of our stakeholders to find a successful resolution plan. During this association what seemed very tedious and complex was easily changed to seamless and uncomplicated. This helped us create a powerful and dependable relationship with InCorp Advisory.

– Director

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