Real Estate
Supreme Court Protects Genuine Homebuyers, Bars Speculative Investors from Misusing IBC
In a landmark ruling, the Supreme Court of India has drawn a clear distinction between speculative investors and genuine homebuyers, ensuring that the Insolvency and Bankruptcy Code (IBC) serves its rightful beneficiaries.
real estate news
Supreme Court Ruling Paves Way for Real Estate Reforms and Housing Rights
The Supreme Court's recent ruling has declared housing a fundamental right and directed the government to undertake major reforms in the real estate sector, particularly under the Insolvency and Bankruptcy Code (IBC) and RERA.
Real Estate Mumbai
Supreme Court Directs Real Estate Reforms, Declares Housing a Fundamental Right
The Supreme Court has directed major reforms in the real estate sector, including changes to the IBC and RERA, to protect homebuyers' rights. Developers and legal experts welcome the move, seeking a multi-stakeholder approach for systemic reforms.
real estate news
Real Estate Sector Anticipates Major Reforms Following Supreme Court Housing Rights Ruling
The Supreme Court's recent ruling declaring housing a fundamental right has sparked a wave of anticipated reforms in the real estate sector. Developers and legal experts welcome the move but emphasize the need for a multi-stakeholder approach to ensure effective systemic changes.
real estate news
Supreme Court Ruling on Housing Rights: A New Era for Real Estate
The Supreme Court's recent ruling, declaring housing a fundamental right, has set the stage for significant reforms in the real estate sector. Developers and legal experts welcome the move, emphasizing the need for a multi-stakeholder approach to systemic reforms.
Real Estate
Supreme Court Mandates Major Reforms in Real Estate Sector, Declares Housing a Fundamental Right
The Supreme Court has directed the Centre to implement significant reforms in the real estate sector, including changes to the IBC and RERA, to protect homebuyers' rights.
real estate news
NCLAT Upholds Recall of Insolvency Case Against Logix Infrastructure
The National Company Law Appellate Tribunal (NCLAT) has upheld the decision to recall a Corporate Insolvency Resolution Process (CIRP) against real estate firm Logix Infrastructure, deeming the debt claim as fraudulent and malicious.
Real Estate
Supreme Court Ruling: Real Estate Insolvency Proceedings to Be Project-Specific
The Supreme Court has ruled that insolvency proceedings for real estate companies should primarily focus on specific projects, protecting genuine homebuyers and maintaining clarity in the insolvency process under the Insolvency and Bankruptcy Code (IBC).
real estate news
Supreme Court Ruling: Real Estate Insolvency Proceedings to Focus on Specific Projects
The Supreme Court has ruled that insolvency proceedings in the real estate sector should primarily focus on specific projects rather than the entire corporate entity, protecting genuine homebuyers and maintaining clarity in the insolvency process under the IBC.
Real Estate
Supreme Court Declares Right to Housing as Fundamental Right, Issues 12 Directions for Real Estate Reform
The Supreme Court of India has declared the right to housing as a fundamental right under Article 21, issuing 12 directions to protect genuine home buyers and restore credibility in the real estate market.
Real Estate Mumbai
Supreme Court Issues Directives to Protect Homebuyers and Strengthen NCLT and RERA
The Supreme Court has issued a series of directives to improve the functioning of the National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), and real estate regulatory authorities, aiming to protect homebuyers and deter speculative misuse of the Insolvency and Bankruptcy Code (IBC).
Real Estate
Protecting Genuine Homebuyers: Supreme Court Ruling on IBC Misuse
The Supreme Court has ruled that speculative investors cannot misuse the Insolvency Bankruptcy Code (IBC) provisions. The court directed the Union Government to create a revival fund for stressed real estate projects.
Real Estate
Real Estate Insolvency Resolution: Project-Specific Approach Protects Homebuyers
The Supreme Court has ruled that real estate insolvency resolutions under the IBC should be project-specific to safeguard genuine homebuyers and solvent projects. Speculative investors are ineligible to trigger the Corporate Insolvency Resolution Process (CIRP).
Real Estate Mumbai
SC Urges IBC Reforms, Calls for Revival Fund for Stressed Real Estate Projects
The Supreme Court has called for major reforms in the Insolvency and Bankruptcy Code (IBC) and urged the government to establish a revival fund to support stressed real estate projects. The court emphasized that housing is a fundamental right and the government must protect homebuyers' interests.
Real Estate
SC Urges IBC Overhaul and Revival Fund for Stressed Real Estate Projects
The Supreme Court has called for major reforms in the Insolvency and Bankruptcy Code (IBC) and the establishment of a revival fund to support stressed real estate projects. The court emphasized the constitutional obligation to protect homebuyers and the economy.
real estate news
Supreme Court Pushes for IBC Overhaul and Revival Fund for Stressed Real Estate Projects
The Supreme Court of India has called for major reforms in the Insolvency and Bankruptcy Code (IBC) to restore faith in the regulatory framework. It has also urged the government to establish a revival fund to provide financing for distressed real estate projects.
real estate news
Vedanta Offers ₹4000 Crore Upfront for Jaiprakash Associates, Rest Over 5-6 Years
Vedanta Ltd has emerged as the highest bidder for the debt-ridden Jaiprakash Associates Ltd (JAL) with a bid of ₹12,505 crore on a Net Present Value (NPV) basis. The company will pay ₹4000 crore upfront post NCLT approval and the remaining amount over the next 5-6 years.
Real Estate
Vedanta Emerges as Top Bidder for Jaiprakash Associates with Rs 12,505 Crore Offer
Vedanta Ltd has been identified as the highest bidder for debt-ridden Jaiprakash Associates Ltd (JAL), offering a net present value of Rs 12,505 crore. The payment will be staggered, with Rs 4,000 crore paid post-NCLT approval and the balance over 5-6 years. This acquisition complements Vedanta's existing businesses and leverages JAL's assets in power, real estate, and mining.
real estate news
Vedanta Wins Jaiprakash Associates Bid with ₹12,505 Crore NPV Offer
Vedanta Ltd has emerged as the highest bidder for Jaiprakash Associates Ltd (JAL) with a ₹12,505 crore NPV offer, beating Adani Group. The payment will be made in a staggered manner over 5-6 years, with an initial ₹4,000 crore payment post-NCLT approval.
real estate news
Vedanta Secures Bid for Jaiprakash Associates with Rs 4,000 Crore Upfront Payment
Vedanta Ltd has emerged as the winning bidder for Jaiprakash Associates Ltd (JAL) with an initial payment of Rs 4,000 crore and the balance to be paid over the next 5-6 years, beating Adani Group in the auction.