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Homebuyers’ maintenance societies, RWAs can’t intervene in insolvency process of developer: SC

January 17, 2026January 17, 2026| Ai Generated Article, credits to ogrinal websiteAi Generated Article, credits to ogrinal website| 0 Comment| 3:10 am
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The Supreme Court has ruled that homebuyers’ societies cannot intervene in the insolvency proceedings of a developer company. The court stated that these associations are formed for maintenance and management of common facilities. They lack the legal standing to participate in such insolvency cases.

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