hyderabadupdates.com Real Estate NCLAT reaffirms project-specific insolvency proceedings against realty firms

NCLAT reaffirms project-specific insolvency proceedings against realty firms

The National Company Law Appellate Tribunal has made a pivotal assertion regarding homebuyers’ rights in insolvency cases, stipulating that disputes must be confined to the specific project where defaults have occurred. This ruling effectively shields unrelated real estate ventures from being implicated in insolvency actions.

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