Amid rising real estate prices, concerns loom for home buyers fearing builder bankruptcy and legal woes, reminiscent of cases like Jaypee, ...

The National Company Law Tribunal has approved a consortium led by Ashdan Developers for the resolution plan of D S Kulkarni Developers. Th...

It is for the lenders to take appropriate legal action by approaching the civil forum to ensure that the project is completed within time, ...

"We wish to submit with great concern that banks and other financial creditors are bringing the developers and their projects into NCLT pro...

In a letter to the parliamentary standing committee’s chairperson Jayant Sinha, homebuyers have urged him to resolve the deadlock with the ...

It is now mandatory for real estate companies to deposit 70% of the money raised from homebuyers in a separate bank account which would be ...

As the homebuyers urged the bench to pass an interim order to stop liquidation of the company, the bench assured them that their interests ...

Arrears of assured returns and money owed to a buyer with whom an agreement is in place to make regular payments qualifies as ‘financial de...

Lenders collectively claimed about Rs 1,700 crore in loan defaults. The repayments, if approved, will happen through different mechanisms.

More than 5000 flats were to be built in approximately 40 towers in a phased manner by the embattled group.

Home buyers were asked to file their respective claims before the IRP by September 19.

Home buyers insisted that the interest of flat buyers needs to be protected by the SC before re-initiation of insolvency resolution process...

The plea, filed by a group of nine home buyers’ associations, comes after IDBI Bank moved the apex court on Thursday for lifting the stay.

The 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...

The decision of refunding the buyers' money was conveyed to the builder about three months ago. The first instalment of the refund is to be...

The move follows reports of NCLT having admitted pleas of insolvency proceedings by several banks who wanted to recover their dues from the...

The campaign has been started following a directive from the RBI to lending banks to file an application under insolvency and bankruptcy co...