SC comes to the rescue of Supertech homebuyers, upholds NCLAT order asking NBCC to take over stalled projects

Bringing relief to thousands of homebuyers who have been waiting for possession of their delayed homes for more than a decade, the Supreme Court on February 5 upheld NCLAT’s order directing the government’s construction arm, NBCC, to complete 16 housing projects of the debt-ridden real estate firm Supertech expeditiously. First and foremost consideration is to […]

NCLAT set aside insolvency proceedings against Mahagun, asks NCLT to hear again

New Delhi, Nov 7 (PTI) In a major relief to realty firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against it and directed the NCLT to hear the petition afresh, considering the fresh status report filed before it over the projects. The National Company Law Appellate Tribunal (NCLAT) has […]