hyderabadupdates.com Real Estate NCLAT includes late buyers’ claims in Today Homes insolvency plan

NCLAT includes late buyers’ claims in Today Homes insolvency plan

The NCLAT has ruled that genuine homebuyers whose payments are recorded by a builder cannot be denied their dues due to late filing in insolvency proceedings. This decision overturns an NCLT ruling that rejected 20 homebuyers’ claims as time-barred, directing their inclusion with other allottees.

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FIR filed against Ocean Seven Buildtech for ₹217 crore housing fraudFIR filed against Ocean Seven Buildtech for ₹217 crore housing fraud

Delhi Police’s EOW has filed an FIR against Ocean Seven Buildtech and its MD for allegedly cheating homebuyers and diverting Rs 217 crore from the incomplete Expressway Towers project. Buyers