Real Estate
NCLAT Rejects Monetisation of Unsold Units in Real Estate Project Without Revalidated Building Plan
The National Company Law Appellate Tribunal (NCLAT) has ruled that the monetisation of unsold units in a real estate project under a reverse Corporate Insolvency Resolution Process (CIRP) is impermissible without a revalidated building plan. This decision affects the 'The Belvedere' project in Noida, India.
Real Estate
Supreme Court Restrains Supertech Realtors from Creating Third Party Rights in 'Supernova' Project
The Supreme Court has ordered Supertech Realtors and its suspended director to refrain from creating any third party rights in the 'Supernova' project in Noida. The project, a mixed-use real estate venture, is currently under scrutiny due to insolvency proceedings against Supertech Ltd.
Real Estate
High Court Upholds HRERA Penalties on Ansal Properties Despite Insolvency
The Punjab and Haryana High Court has ruled that Ansal Properties and Infrastructure Ltd must face penalties imposed by the Haryana Real Estate Regulatory Authority (HRERA) for statutory non-compliance under the RERA Act, even while undergoing insolvency proceedings.
real estate news
Supreme Court Declares Housing a Fundamental Right, Issues Sweeping Reforms
In a groundbreaking decision, the Supreme Court of India has declared housing a fundamental right under Article 21 of the Constitution. The court has issued comprehensive directives to protect homebuyers and strengthen real estate regulations.
Real Estate
Supreme Court Considers Hybrid Resolution Framework for Supertech's Stalled Supernova Project
The Supreme Court is considering a hybrid resolution framework, supervised by retired judges, to complete Supertech Realtors' Supernova project in Noida, drawing parallels with previous real estate insolvency cases.
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 Protects Genuine Homebuyers, Curbs Misuse of Insolvency Law
In a landmark judgment, the Supreme Court has distinguished between genuine homebuyers and speculative investors, ruling that the Insolvency and Bankruptcy Code (IBC) cannot be misused for recovery purposes.
Real Estate
Vedanta Seeks CCI Approval for ₹17,000 Crore Jaiprakash Associates Bid
Vedanta has submitted a bid of ₹17,000 crore for the acquisition of Jaiprakash Associates (JAL), which has interests in real estate, cement, hospitality, and EPC. The proposal includes ₹3,800 crore upfront and annual payments of ₹2,500–3,000 crore over the next five years.
real estate news
Supreme Court Warns Against Speculative Real Estate Investors
The Supreme Court of India has issued a strong warning against speculative investors in the real estate sector, emphasizing their detrimental impact on genuine homebuyers and the overall market.
Real Estate
Supreme Court Warns Against Speculative Investors in Real Estate
The Supreme Court has highlighted the misuse of insolvency proceedings in the real estate sector by speculative investors, cautioning that such practices can jeopardize the interests of genuine homebuyers.
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 Issues Directions to Protect Homebuyers and Strengthen NCLT
The Supreme Court has issued a series of directives aimed at improving the functioning of the National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT), and real estate regulatory authorities to protect homebuyers and deter speculative misuse.
real estate news
Supreme Court Restricts Speculative Investors from Misusing IBC
The Supreme Court has ruled that speculative investors driven by profit motives 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
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 news
Supreme Court Enhances Protections for Homebuyers and Strengthens NCLT
The Supreme Court has issued a series of directives to bolster the National Company Law Tribunal (NCLT) and real estate regulatory authorities, ensuring robust safeguards for homebuyers and preventing speculative misuse of the real estate market.
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 Maharashtra
Supreme Court Calls for IBC Overhaul and Revival Fund for Stressed Real Estate Projects
The Supreme Court has urged major reforms in the Insolvency and Bankruptcy Code (IBC) and the establishment of a revival fund to support stressed real estate projects. It emphasized that the Right to Housing is a fundamental right and called for comprehensive measures to protect homebuyers and the economy.
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.