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RIGHTS OF ALLOTTEES IN BANKRUPTCY
Delhi police seals news agency-UNI's office, cites HC order on land allotmentDelhi police sealed the United News of India office at 9 Rafi Marg. The Delhi High Court upheld the cancellation of land allotment. This fo...- Homebuyers' maintenance societies, RWAs can't intervene in insolvency process of developer firm: SCThe Supreme Court has ruled that homebuyers' societies and Resident Welfare Associations cannot intervene in the insolvency proceedings of ...
- 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...
- Supreme Court to Centre: Consider creating revival fund to rescue tax-paying middle-class' ‘dream homes’The Supreme Court wants the central government to think about creating a 'revival fund'. This fund will help stressed real estate projects....
- SC calls for IBC overhaul, seeks revival fund for stressed real estate projectsThe Supreme Court proposed significant reforms to the Insolvency and Bankruptcy Code to restore faith in the regulatory framework. It urged...
- Buyers in possession should get ownership of flat: IBBIThe Insolvency and Bankruptcy Board of India (IBBI) has proposed new rules that could expedite the resolution process for bankrupt real est...
- IBBI proposes to expedite flat ownership transfers in insolvent projectsThe Insolvency and Bankruptcy Board of India (IBBI) has put forth a proposal that could expedite the resolution process for stressed real e...
- How this Code is helping homebuyers, Economic Survey explainsThe Economic Survey 2023-24 highlights the pivotal role of the Insolvency and Bankruptcy Code in revitalizing stalled real estate projects ...
- With India's new rules, home buyers will get much-needed relief and assuranceAmid rising real estate prices, concerns loom for home buyers fearing builder bankruptcy and legal woes, reminiscent of cases like Jaypee, ...
- Is your house stuck in a stalled real estate project? How five homebuyers took on builders to get their housesNearly five lakh houses are stuck in stalled projects in just top seven cities. Find out how some gutsy homebuyers took on builders to get ...
- Govt proposes slew of changes to insolvency law"To strengthen the functioning of the IBC, changes to the Code are being considered in relation to the admission of corporate insolvency re...
- Realty Check: Just 4% IBC cases resolvedThe poor resolution rate further delays reprieve for thousands of homebuyers left in the lurch by builders.
- Why stuck home buyers should know about Haryana RERA's order on assured return schemesThe recent decision of the Haryana RERA in Madhushree Khaitan vs Vatika Limited on November 10, 2021, has indicated that RERA shall have th...
- SC dismisses homebuyer’s petition challenging Wave group’s insolvency proceedingsWave Mega City Center (WMCC) Private Limited, a special purpose vehicle of real estate developer Wave group, had moved the National Company...
- 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...
- SC upholds IBC amendments giving financial creditor status to homebuyersHomebuyers will have a say in Committee of Creditors and they can also initiate insolvency proceedings.
- Jaypee Infratech: NCLAT tells lenders, allottees to appear on July 17NCLAT directed the Committee of Creditors to produce a gist of the resolution plan submitted by NBCC and objections they have with regard t...
- Are home buyers secured financial creditors or unsecured creditors under IBC?Under IBC the difference between secured financial creditors and unsecured financial creditors mostly has an implication on the priority of...
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