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ADITYA PAROLIA
Ansal Properties held accountable for subsidiary’s failure to deliver flats in Haryana township by consumer forumThe National Consumer Disputes Redressal Commission has ruled against Ansal Properties and Infra Ltd. The company is held responsible for i...- Homebuyers taken to ransom: SC wants probe into builder-bank messThe Supreme Court has called for a CBI probe into the alleged collusion between builders and banks, impacting homebuyers in NCR. The bench ...
- Court orders Godrej Projects to refund Rs 4 crore to homebuyers for not building road, amenities 7 years after bookingNCDRC has ordered Godrej Projects to refund over Rs 4 crore to homebuyers. The builder failed to deliver promised amenities, including a 24...
- NCDRC penalises Raheja developer for delay in Revanta project in Gurgaon“The opposite party (Raheja developers) is directed to refund the entire amount deposited by the respective complainants along with delay c...
- Supertech’s twin towers flattened, focus shifts to clearing debrisThe project could have generated sales of over`1,000 crore for the builder. Many nearby housing societies had installed TV screens to view ...
- The Supertech Conundrum: twin towers coming down will not ensure flats for 25,000 waitingIndiabulls Housing Finance declared Supertech’s account as NPA back in 2018. In October 2021, Dinanath Dubhashi, the managing director and ...
- NCDRC orders M3M to stop the construction of ‘illegal tower’ in GurgaonA complaint was filed by around 300 homebuyers with NCDRC. The complaint was filed by those that were allocated homes in the first 10 appro...
- NCLAT limits Supertech’s insolvency to one projectThe proceedings against realty developer Supertech was initiated for default on payment of Rs 431 crore to a consortium of banks. The order...
- Real estate developer Supertech declared insolvent by NCLTThe company which was under stress and was in the process of demolishing two illegal towers at its Noida project following the order of the...
- IBC to trump PMLA in case of corporate debtors, not wrongdoers: SCIn a ruling that will have a bearing on several high-profile insolvency cases, the Supreme Court has clarified that proceedings against a c...
- Home buyers file plea in SC challenging Insolvency & Bankruptcy Code amendment"The writ petition has been filed by 11 petitioners of 11 projects being constructed by Pioneer Urban Land & Infrastructure, Emaar MGF Land...
- NCLT directs to initiate insolvency proceedings against AVP BuildtechA two-member NCLT bench has appointed an interim resolution professional (IRP) to run the affairs of the company and also declared moratori...
- NCLT directs insolvency proceedings against realty firm Three C ProjectsNCLT also directed the ex-management of Three C Projects to "provide all documents in their possession
- In a first, NCLT starts insolvency proceedings on homebuyer’s pleaEarlier, homebuyers were at the receiving end in insolvency proceeding as they did not have a say and their interests were put at the botto...
- Law amended to help homebuyers, SC toldReal estate companies have challenged the validity of Section 5(8)(f) of the IBC, 2016 which ensures inclusion of homebuyers as financial c...
- Home buyers can seek refund if flat delayed beyond 1 year: NCDRCBuyers forced to wait for over a year for flats can now claim refund from builders.
- SC orders Emaar MGF Land to refund home buyer's money within four weeksNCLAT ordered the IRP to not issue any public announcement or constitute the committee of creditors until further order. Now, NCLAT will he...
- 3C’s Lotus firm faces insolvency proceedings; 3500 homebuyers yet to receive flatsThis will directly affect around 3,500 buyers who are yet to get their flats in Lotus Panache (Sector 110) and Lotus Boulevard (Sector 100).
- Handover of flats without occupancy certificate illegal, say expertsHanding over flats is not just a matter of securing revenues for the state, there are other issues that should be kept in mind too like fir...
- Centre to reply on plea seeking designated place for crackersThe NGT today sought response from the government on a lawyer's plea seeking designated time and place for use of firecrackers during festi...
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