Homebuyers Cannot Claim RERA Refund Against Insolvency Plan
The National Company Law Tribunal (NCLT), Mumbai Bench, has held that individual homebuyers cannot insist on a separate refund under…
Rights of the Borrower under SARFAESI Act-2002
By Legal Cell The SARFAESI Act being made with the sole intention of speedy recovery of the debts to the…
Triumph for Homebuyers: NCLAT’s Landmark Order Against Aakriti Group and DB Corp
In a significant development, the National Company Law Appellate Tribunal (NCLAT) delivered a landmark order on December 9, 2023, in…
NCLT Rules Decree Holder under RERA Remains Home Buyers’ Creditor
By Staff Reporter In a recent ruling on August 2, 2023, the Hon’ble NCLT in Mumbai (CP(IB) No. 21/MB-IV/2023) has…
IBBI to celebrate its Sixth Annual Day
By Staff Reporter The Insolvency and Bankruptcy Board of India (IBBI) is celebrating its Sixth Annual Day on 1st October,…
Supreme Court order: NCLT cannot coerce allottees into settlements
By Fiona Mehta The Hon’ble Supreme Court’s recent decision in E. S. Krishnamurthy & Others v. Bharath Hi Tech Builders…
NCLAT Delhi: Even after becoming a citizen of a foreign country, a personal guarantor is still liable.
By Fiona Mehta In ruling on an appeal in Sudip Dutta v. State Bank of India, the National Company Law…
NCLT Mumbai: Terminates Sahara Hospitality’s CIRP
By Fiona Mehta In the case of Delta Electro Mechanical Pvt. Ltd. v Sahara Hospitality Ltd, it was permitted withdrawal…
NCLAT Delhi: Earnest money paid towards land purchase is not financial debt
In the matter of S. Chandriah v Sunil Kumar Agarwal & Ors. under the National Company Law Appellate Tribunal (“NCLAT”),…
Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
By Staff Reporter The Insolvency and Bankruptcy Board of India (IBBI/Board) notified the Insolvency and Bankruptcy Board of India (Insolvency…