hyderabadupdates.com Real Estate NCLAT rejects UCO Bank claim in Bulland Buildtech insolvency case

NCLAT rejects UCO Bank claim in Bulland Buildtech insolvency case

November 1, 2025November 1, 2025| Ai Generated Article, credits to ogrinal websiteAi Generated Article, credits to ogrinal website| 0 Comment| 12:07 am
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The NCLAT ruled that home loans disbursed by UCO Bank to buyers are not a financial debt of developer Bulland Buildtech. Upholding NCLT orders, the tribunal dismissed UCO Bank’s plea to be a financial creditor in the developer’s insolvency case. Tripartite agreements did not create repayment obligations for the builder.

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