The claims can be filed before the Resolution Process will be closed, but in the same case, the Creditor cannot become a part of the COC without filing the claim.
Centrik is feeling proud to being helping hand to the 144 aggrieved homebuyers to get justice on handover stalled projects.
Corporate Insolvency Resolution Process initiated against Housing Development and Infrastructure Limited. Claims have been invited by the IRP from the creditors of the Company.
NCLT Principal Bench vide its order dated 20.08. 2019 has ordered insolvency proceedings U/S 7 of the Insolvency and Bankruptcy Code, 2016 against Real Estate Developer, M/S Raheja Developers Limited. Every creditor of M/s Raheja Developers need to file their claims before the Insolvency Resolution Professional(IRP).
Homebuyers feel aggrieved with the inaction of K-RERA as they haven’t been able to get the refund from errant developers.
The National Housing Bank (NHB) has asked housing finance companies (HFCs) to “desist from offering” loans for subvention schemes offered by developers.
The builders have miserably failed to handover the possession to the homebuyers for many years. The homebuyers started approaching various forums in order to get their reliefs such filing of criminal complaints, approaching the various other forums.
The UP-RERA (greater Noida) has proposed to create a stress fund to complete such pending projects. The same shall be put before the board of Lucknow for deliberation and thereafter it shall be sent to the UP Government.
Real Estate Regulatory Authority in Uttar Pradesh orders Forensic audit of errant developer 3C.
The Rajasthan Authority appears to be tightening the noose on these illegal colonies and unregistered projects.