Only one resolution applicant for Ansal Properties Ferhill Project
Only one resolution plan has been submitted for Fernhill Project, a Gurgaon-based housing project of Ansal Properties and Infrastructure. A...
real estate
Regulator planning new insolvency framework for homebuyers
The Insolvency and Regulatory Board of India (IBBI), or the insolvency regulator, has been contemplating a separate regulatory framework for...
Only 11,000 home buyers to be affected by insolvency proceedings, claims Supertech
Even as the New Delhi bench of the National Company Law Tribunal (NCLT) gives a go ahead to initiates corporate...
The story of a UK real estate company and its broken promises
It looks like the malaise that afflicts the real estate sector – misappropriation of funds and delay in delivery --...
NCLT paves the way for liquidation of realtor estate developer 3C Homes
The Delhi bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of real estate developer Three C...
SC upholds minimum homebuyers threshold for filing insolvency petition against real estate projects
Homebuyers have lost an important legal battle against the imposition of threshold of a minimum number of allottees for initiation...
NCLAT foils attempt by Supertech to withhold information from homebuyers
An attempt by realtor Supertech Township Projects Ltd to stonewall homebuyers from seeking information about allottees has been thwarted by...
Can a corporate debtor file insolvency petition against another? Yes, says NCLAT
Can a company, against which an insolvency proceeding is undergoing, file insolvency application against another? In an order dismissing a...
RBI issues FAQs on Resolution Framework for Covid-19 related stress
1. In Paragraph 4 of the Annex to the Resolution Framework, it is stated that the reference date for the...
Loan converted into equity not to be termed as financial debt under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has recently pronounced a judgment saying that once the debt is converted into...