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HOMEBUYERS RESOLUTION
AM/NS takes over banks' claims linked to Essar Group promoters' personal guarantees"Banks had claims attached to the personal guarantees issued by the Essar promoters which was linked to the Essar Steel resolution. AM/NS' ...- IBBI seeks to streamline real estate insolvency regulations with focus on homebuyersIndia's bankruptcy watchdog is proposing significant reforms to expedite real estate insolvency. Key changes include excluding completed or...
- NCLT approves Mantra Properties’ resolution plan for stalled project in WorliThe NCLT Mumbai Bench has approved Pune-based Mantra Properties & Developers’ resolution plan to revive a stalled Worli residential project...
- Affordable housing, rental expansion and RERA reforms set to define next growth phase in India's urban region: ReportIndia's housing sector is set for a major overhaul, driven by urbanization and policy shifts. A report highlights the urgent need for affor...
- JAL shares delist from BSE and NSE today: Will its 6.5 lakh shareholders get anything?Jaiprakash Associates shares were delisted from the BSE and NSE on Thursday, marking the closure of one of India's longest-running insolven...
- JAL shares to delist from BSE and NSE on Thursday. What happens to its 6 lakh shareholders?Jaiprakash Associates is set to be delisted from the BSE and NSE from June 18 following the completion of insolvency proceedings and Adani ...
- Noida Sports City revival helps developer to launch new projects amid constraints in land supplyNoida is gearing up for a transformation with the revival of its stalled Sports City projects! Thanks to the Supreme Court's recent decisio...
- Jaypee Golf Club members in Noida seek clarity as Adani takeover of JAL nearsJaypee Golf Club members face uncertainty as Jaiprakash Associates' insolvency nears conclusion. Members demand clarity from the Resolution...
- SC appointed panel says all deals involving Supertech Realtors' project need its approvalA Supreme Court committee now requires prior written approval for any property deals in Supertech Realtors' Noida 'Supernova' project. This...
- ATS Nobility Estates exits insolvencyThe National Company Law Tribunal has permitted the withdrawal of insolvency proceedings against ATS Group's Nobility Estates. This decisio...
- Alpha Corp to take over three stuck projects following Supreme Court approvalThe Supreme Court has revived Alpha Corp's plan to complete three stalled projects of Earth Infrastructures. This decision offers hope to o...
- 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...
- Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SCThe Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...
- 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 ...
- ReaRCo acquires KV Developers through the insolvency processReaRCo Private Limited has acquired KV Developers, bringing relief to nearly 400 homebuyers in Greater Noida. The company secured Rs 195 cr...
- SC asks NCLT to expedite call on Supertech oversight panelThe Supreme Court has directed the National Company Law Tribunal to quickly decide if a court-appointed committee is needed for Supertech's...
- SC asks NCLAT to take decision on 14 housing projects of debt-ridden SupertechThe Supreme Court has directed the NCLAT to quickly decide on merging Supertech's remaining 14 housing projects. This move aims to ensure p...
- 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...
- 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...
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