Homebuyers Under IBC

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder and asked the Centre to file an affidavit taking the corrective measures

This will finance 1,600 stalled housing projects comprising 4,58,000 housing units across the country

Firm hopes to disburse Rs 55,000 cr this year, up from Rs 48,000 cr last year, says MD & CEO Siddhartha Mohanty

The Real Estate (Regulation & Development) Act, which became effective from May 2017, provides for setting up of regulators in each state.

Buyers should consider approaching the real estate regulator first, before taking the developers to National Company Law Tribunal

Close to 31,000 homebuyers of Jaypee Infratech and 41,000 of Amrapali's Silicon City project have appealed to the Supreme Court