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HOMEBUYER CREDITORS
ATS Nobility Estates exits insolvencyThe National Company Law Tribunal has permitted the withdrawal of insolvency proceedings against ATS Group's Nobility Estates. This decisio...- NCLT approves Mantra Properties buyout of Mulund projectThe company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured cre...
- Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...
- 20 years on, 3,000 Agra homebuyers seek UP govt intervention over stalled Ansal townshipOver 3,000 homebuyers of Ansal Properties' Sushant Taj City in Agra are seeking possession of plots booked nearly two decades ago. Despite ...
- NCLAT upholds project-specific insolvency action for realty firmsHomebuyers' insolvency cases against real estate firms will now be limited to the specific project facing default. The National Company Law...
- NCLAT reaffirms project-specific insolvency proceedings against realty firmsThe National Company Law Appellate Tribunal has ruled that homebuyers' insolvency cases against real estate firms must focus only on the pr...
- Legacy of Jaiprakash Associates will be carried forward under Adani: Jaiprakash GaurJaiprakash Gaur is confident the Adani Group will lead Jaiprakash Associates Limited forward. The Adani Group has been selected as the succ...
- After 15-year wait, JAL homebuyers pin hopes on Adani plan for long-delayed homesHomebuyers who booked properties 15 years ago with Jaiprakash Associates Limited (JAL) are anticipating possession following the Supreme Co...
- Committee of creditors can invite land authorities in realty insolvency cases: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman announced amendments to insolvency regulations, allowing land authorities to join creditor meetings. Th...
- Insolvency resolution, the new realty showPerformance has held up IBC's spread to new segments. Prepackaged insolvency resolution for small firms, as available to micro-enterprises ...
- NCLT dismisses homebuyers' petition to reject Lavasa insolvency resolution planThe homebuyers, in their petition, had sought the tribunal's intervention to declare the resolution plan submitted by Darwin Platform Infra...
- Jaypee homebuyers move Supreme Court against NCLAT orderThe petition has been filed by a group 1000 homebuyers alleging that the NCLAT order passed on July 2 was in violation of IBC.
- 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...
- Setback for Jaypee buyers in plan to shore up votes for NBCC bidThe decision will lead to further uncertainty in the resolution process of Jaypee Infratech, the real estate company behind ambitious proje...
- Road ahead for Jaypee homebuyers as insolvency proceedings beginHomebuyers got the right to be part of the Committee of Creditors due to an amendment in the Insolvency and Bankruptcy Code, making them se...
- Supreme Court sends Jaypee Infratech case back to NCLT for fresh resolutionA bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence fro...
- Not easy for home buyer to recover from defaulting builder under IBC: NCLT President"Homebuyers, after becoming financial creditors, under the IBC (after amendments) may no be a happy lot," Justice Kumar said.
- Homebuyers, be careful, bankruptcy stops short of empowering you fullyExperts say the amended law will benefit homebuyers only at the resolution stage so they should try to turn around the company instead of g...
- Just one homebuyer is all that is needed drag a rogue builder to bankruptcy courtUnder the Insolvency and Bankruptcy Code Amendment Ordinance, 2018, homebuyers will get due representation in the committee of creditors.
- Homebuyers may get a say in insolvency proceedings for real estate companiesThey may be given the right to participate in the insolvency resolution process and be part of the committee of creditors.
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