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Homebuyers filed 1,800 cases under insolvency law since June 2018: Govt

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30.

Press Trust of India  |  New Delhi 

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have filed more than 1,800 cases against builders under the (IBC) since June 2018, the government told the Lok Sabha on Monday.

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30.

Citing the information received from NCLT, Minister of State for Corporate Affairs Anurag Singh Thakur said that a total 1,821 cases have been filed by against builders since June 2018 under the Code.

On whether the government is aware of the problem of pendency at the tribunal due to high number of cases being filed by against builders for even small defaults, the minister replied in the affirmative.

"The matter is under consideration of this (corporate affairs) ministry," he noted.

According to him, data regarding cases filed against builders for defaults of less than a month is not available with the NCLT.

First Published: Mon, November 18 2019. 21:50 IST
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