Tag: #NCLAT

Buyers can seek a refund from a real estate firm that is undergoing insolvency.

February 12, 2020

The National Company Law Appellate Tribunal (NCLAT) ruled that insolvency proceedings initiated by a flat buyer or financial institution would be pursued only with respect to the project in dispute and would not impact any other projects of developers. The whole insolvency procedure started at the behest of either a flat buyer or a bank […]

Buyers can seek a refund from a real estate firm that is undergoing insolvency.more

Raheja Developers failed to make the payment, faces insolvency proceedings.

July 29, 2019

By Abhay Shah, Realty Quarter Raheja Developers, a Delhi-based builder, is in a situation of insolvency as per Section 9 of the Insolvency and Bankruptcy Code 2016, which has been ordered by the National Company Law Appellate Tribunal (NCLAT) to acknowledge the case. In a complaint lodged by an operational creditor, Ahluwalia Contracts (India), the appellate tribunal […]

Raheja Developers failed to make the payment, faces insolvency proceedings.more

Jaypee lenders Infratech begin negotiating the NBCC bid under an order from the NCLAT.

May 25, 2019

By Abhay Harish Shah, Realty Quarter State-owned NBCC, Jaypee Infratech’s debt-laden offers, are unlikely to dilute certain terms, including exemption from tax liability, yet are ready to negotiate a proposed unsold apartment, sources said. The lenders of Jaypee Infratech began negotiating the latter’s offer to acquire the property firm with NBCC. The National Company Law […]

Jaypee lenders Infratech begin negotiating the NBCC bid under an order from the NCLAT.more

Tag: #NCLAT

Buyers can seek a refund from a real estate firm that is undergoing insolvency.

Raheja Developers failed to make the payment, faces insolvency proceedings.

Jaypee lenders Infratech begin negotiating the NBCC bid under an order from the NCLAT.

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