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HOMEBUYERS RIGHTS IN INSOLVENCY
SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....- 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...
- 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 ...
- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- IBBI moots resolution gains for all affected homebuyersThe insolvency watchdog has proposed extending resolution benefits to all homebuyers of bankrupt real estate developers, regardless of clai...
- IBBI allows easier possession, registration of flats during bankruptcy resolutionThe Insolvency and Bankruptcy Board of India allows homebuyers possession or registration of properties during resolution, provided they me...
- IBBI tweaks norms to speed up insolvency resolution in housingThe IBBI has introduced amendments to the Insolvency Resolution Process for Corporate Persons, effective from September 24. These changes i...
- NCLT dismisses homebuyers’ challenge to resolution plan in insolvency caseNCLT dismisses homebuyers' plea against Monarch Brookefields LLP's resolution plan, granting 60% claim. CoC's authority emphasized, limitin...
- Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidationAround 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infr...
- Jayant Sinha meets homebuyers’ body to discuss insolvency law amendmentIn a separate and revised letter to the standing committee on finance on Saturday, FPCE said the right of a homebuyer to approach a court o...
- Jaypee Infratech creditors meet to take stock of insolvency processThe NCLAT had clarified on June 10 that it did not bar lenders from voting against state-owned NBCC's resolution plan. It also directed Jay...
- 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...
- 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...
- 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.
- Supreme Court lifts stay on insolvency move against Jaypee infraSC has told Jaypee to deposit Rs 2,000 cr. Flat buyers are not secured creditors and can get back their money only if something is left aft...
- Loans given by banks can’t have lesser priority: IDBIThe stay came on a petition by the builder’s customers who were yet to get possession of their flats and said the insolvency proceedings le...
- Homebuyers of Jaypee Wish Town banking on IRPHomebuyers urged the apex court to declare homebuyers as ‘secured creditors’ to help them get first right on the company’s asset in case of...
- Keep homebuyer, lender rights on par under Insolvency and Bankruptcy Code: SBI MD Rajnish KumarAccording to the SBI MD, homebuyers need to lower their risks by purchasing ready-to-move-in apartments rather than in an under-constructio...
- Jaypee homebuyers move Supreme Court against NCLT stayIt will hear the plea of flat buyers who alleged that they will neither get a home nor a refund on account of being "unsecured creditors".
- Jaypee homebuyers need to file claim form: Here's how to do itThe Allahabad bench of the National Company Law Tribunal (NCLT) on August 9 classified Jaypee Infratech as insolvent on the petition filed ...
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