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NCLT

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HDIL Insolvency Proceedings Stall MahaRERA Complaint – Homebuyers Left in Limbo

HDIL Insolvency Proceedings Stall MahaRERA Complaint – Homebuyers Left in Limbo

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has adjourned complaints filed by homebuyers against HDIL sine die due to the insolvency moratorium mandated under the Insolvency and Bankruptcy Code (IBC). The decision was held by Ravindra Deshpande on August 20, 2019, leaving homebuyers in uncertainty as they await resolution through the ongoing Corporate Insolvency Resolution Process (CIRP).
MahaRERA Order

MahaRERA Adjourns Complaint Against Karrm Infrastructure Amid Insolvency Proceedings

MahaRERA has adjourned a complaint filed by Gayatri Ramesh Gurudu against Karrm Infrastructure due to ongoing insolvency proceedings initiated by M/s. VSJ Investment Pvt Ltd. The complainant sought a refund for her booked flat in the Karrm Panchtatva-2 project but will need to pursue her claim through the Corporate Insolvency Resolution Process as per the National Company Law Tribunal’s order.
Unsold stock of homes

Check This List before buying a Home in Mumbai

308 real estate projects in Maharashtra are undergoing insolvency proceedings at the…
HDIL homebuyers fail to get relief from MahaRERA

HDIL Homebuyers Get No Relief From MahaRERA

When a group of homebuyers of HDIL builder approached MahaRERA seeking relief.…