CORPORATE DEBTOR UNDER IBC

A corporate debtor under Insolvency and Bankruptcy Code, 2016 (IBC) is the Corporate Person who owes a debt to any person. Corporate person is defined u/s 3(7) of IBC which include

  • Companies defined Companies Act
  • LLP defined under LLP Act
  • Any other person incorporated with limited liability

But does not include financial services provider i.e. banks or NBFCs.

IBC FOR CORPORATE DEBTORS

As per section 7 and 9 of IBC, it is not compulsory to give the opportunity of being heard to the corporate debtor, before the admission of IBC application. And as per section 14, once IBC application is admitted, the management of the company goes in the hands of IRP proposed by such applicant. Hence, there become high chances that even a small default may trigger the situation where the company goes out to hands.

Due to the above mechanism, at one hand where creditors are recovering debts from the distressed company, whereas some creditors, are using IBC provision to threaten and harass the corporate debtor. It is a misuse of new law to create a pressure upon the corporate debtor to recover the fraudulent/bogus claims.

PROTECTION AGAINST THE FRAUDULENT CLAIMS

A corporate debtor can defend the Insolvency Petition filed against them if the claim raised by the creditor is not genuine or have been raised to harass the corporate debtor. When an application is filed against the corporate debtor, the corporate debtor should verify the accounts and identify whether the claim raised is genuine or not.

DEFENSE AGAINST THE INSOLVENCY PETITION

Under IBC every creditor, financial or operational, has to follow a certain procedure to establish the claim and initiate the insolvency resolution process. If the procedure is not duly followed then the corporate debtor has a very good defense to get the petition disposed of. Recently, Hon’ble Supreme court in the case of B.K. Educational Services Pvt. Ltd. has upheld the applicability of limitation Act to the IBC application and defaults.

AGAINST THE FINANCIAL CREDITOR

If the petition is filed by the financial creditor the corporate debtor should:-

  1. Check whether the key essentials to file the petition have been fulfilled or not?

Firstly, the debt and default should have occurred before filing of petition and if none of the element is present, the petition filed by the financial creditor shall get rejected.

  1. Identify, whether the claim is genuine or not?

The corporate debtor should check the accounts thoroughly and verify the claim from the accounts. If any discrepancy arises, the corporate debtor should file the reply within the prescribed time period.

AGAINST THE OPERATIONAL CREDITOR  

If the petition is filed by the operational creditor then the corporate debtor should check:-

  1. Prior to filing of petition the demand notice should have been issued by the operational creditor in the prescribed format.
  2. The existence of any dispute is between the corporate debtor and operational creditor
  3. The pendency of any proceedings already pending between the operational creditor and corporate debtor.

If any of the above situations exists, then the corporate debtor has strong grounds to defend the petition.

VOLUNTARY INSOLVENCY

Business does not always flourish. It might face many challenges like financial crunch and business crisis due to which the Corporate Debtor delays in fulfilling its liability towards the creditors.

If the corporate debtor is unable to discharge it liabilities and does not have enough resources like funds available, to revive the business then corporate debtor can voluntarily file the insolvency petition to undergo the Corporate Insolvency Resolution Process and NCLT shall admit it if the petition has not been filed to defraud the creditors.

WHY CENTRIK FOR IBC

Our well-qualified team of IBC, which includes insolvency professionals, is having versatile experience and represent various clients before NCLT and NCALT at PAN India level. Our experts do the preliminary research and give you the complete value addition. Please get in touch with us at ibc@centrik.in or call our expert at 8383011629

Get your first FREE consultation today

GET STARTED

Latest Blogs

Our Latest Blogs

Should RERA Authorities grant refund to the every complainant?
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test The officials of the UPRERA Authority have decided not to encourage refund if the project is not stalled and have...
RERA: Builder has the duty to make association
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The Builder is not mandatory but it is the sole responsibility of the builder to enable the formation of the...
MahaRERA issues notices for the recovery of money
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Under Section 40 (1) of the RERA Act 2016, the authority can issue recovery warrants against developer who failed to...
Developers refraining from registering with RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test It's been around 2 years of implementation of the RERA Act, various developers have failed to get their projects to...
MahaRERA rules on applicability of section-12 and 18 of RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test While dismissing the complaint the authority observed that both the Section i.e. 12 and 18 operate at two separate times...
Bihar RERA freezes bank accounts of builder
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Bihar RERA Authority exercising power under Section-36 of the Act which gives power to the Authority to pass interim orders...
HC issues notice to center over discrepancy in RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test The Hon’ble bench Division Bench of Justice Mahesh Grover and Justice Lalit Batra after hearing the arguments on behalf of...
Noida: UPRERA survey expects delivery of 40,000 flats
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test The all the steps taken by the UPRERA Authority is now finally giving some lucrative results and the long wait...
New Year to bring changes in RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Central government is looking forward to bring a (removal of dificulties) order under section 91 of Real Estate and Regulation...
Benefits of RERA for NRI Property Buyers
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Not only domestic but also NRI took breath of peace for the first time since first time Judiciary Came to...
RERA in Jammu and Kashmir
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The Jammu and Kashmir government has decided to set up the Real Estate Regulatory Authority in Jammu and Kashmir to...
RERA: A hope of a revival for the Real Estate sector
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test Real estate across the country is already witnessing signs of revival. In the last couple of quarters in this financial...
RERA should remain the same for next few years
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test RERA Act, 2016 and further with more positive reforms a new face of real estate sector free from all encumbrances...
UP RERA issues notices to 12 builders for diversion of funds
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test UP-RERA authority has issued show cause notices to 12 builders who have allegedly diverted funds worth 3000Cr to 4000Cr and...
RERA- The story so Far
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Almost 18 months have passed since the enactment and the central government as well as concerned state governments are far...
RERA: Delhi now has its full time RERA Authority
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Delhi has its own full-time real estate regulatory Authority, whereas till now the vice-chairman of the Delhi Development Authority (DDA)...
Role of RERA Authority for Completion works
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The matter of Shubhkamna in Greater Noida wherein the Authority has asked for a plan for the association of buyers...
RajRERA: Constitution of RERA authority and appellate tribunal
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test To avoid financial burden, the RERA has decided not to set up a permanent appellate tribunal. On same reasons set...
RERA orders forensic audit on Ansal’s
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test The Lucknow bench after hearing a series of complaints against Ansal’s in particular, it has ordered for the forensic audit...
RERA implementation in north eastern states
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , ,
Test Center has decided to send a special team to six northeastern states later this week to resolve issues pertaining to...
Execution process under RERA recovery of arrears as land revenue
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The concerned authority will issue a recovery certificate which is mandated under the land revenue Act and states the amount...
Benefits for Homebuyer under RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test RERA Authorities are functional in almost all states. The authorities though being on nascent stage are trying their best to...
Provisions under RERA for structural defect & poor quality of construction
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test case of any structural defect incurred in next five years from the date of giving the possession; the builder/promoter is...
Occupation and Completion certificate to be withdrawn in case of incomplete projects: Haryana RERA
Posted on 0 CommentsCategories RERA ConsultingTags
Test The RERA Act mandated registration with the newly formulated state RERA authorities but the rebate was given to projects which...
Delay in Possession? Numbers justify implementation of RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test Delayed possessions or no possessions at all and even in cases where apartments were given the amenities promised were lacking...
UPRERA: More than 1500 projects in Uttar Pradesh may be penalized
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test In the hue and cry of registration process after the implementation of RERA many builders were unable to provide all...
RERA in last one year for homebuyers
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , ,
Test This is not compulsory that all RERA registered projects are investment worthy ,there are many projects registered under RERA on...
New IBC Ordinance effect on RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , ,
Test The purpose and the objective for Enacting IBC is different as Compared to RERA Act, which explicitly focuses in resolving...
West Bengal Deviates its RERA rules from Central Act
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Real estate projects under RERA Act has gotten a difficulty as West Bengal government has articulated its own law for...
Pune MahaRERA court resolves 40 cases in less than three months
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test As indicated by authorities, out of the aggregate 240 cases transferred from Maha-RERA to the Pune court, the seat settled...
Brochure of Project: A legal entity or not?
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Brochures of Project were printed and distributed before the commencement and implementation of RERA therefore, the same cannot be treated...
Rajasthan RERA says no to builders for extention of possession date
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test According to the Rajasthan RERA If the possession is not provided on the given date then it will amount to...
MAHARERA: Disclosure of Pending cases of the project by the Builder
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test MahaRERA Authority has passed an order against a developer for non-complying with the mandatory disclosure norms under section 4 of...
UP builders may be charged under provisions of Gangsters Act for violations
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Builders in Uttar Pradesh will be charged under UP Gangsters and Anti-Social Activities (Prevention) Act, 1986 for the muddling with...
UP RERA notifies editing process and fees for all registered projects
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test UP RERA has notifies the process & fees for editing the registration information and details provided at the time of...
Pagdi buildings falls under the ambit of RERA or not
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test Maharashtra Government has decided to bring in tenanted or cessed buildings under RERA. The motive to include these building under...
Recent RERA Developments in Karnataka
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Building customer trust and making the sector more organized and disciplined was another objective of Real Estate Regulation Act. Bengaluru...
How to file an appeal with RERA Appellate Tribunal
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Further every State RERA Appellate Tribunal has a right to decide the procedure for filing an appeal under Rule 25...
Conflict between IBC and RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test Both the IBC and RERA have the provisions where the probability for the conflict in their operations are very high.
RERA helping in the restoration of Indian Real Estate Sector
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test An article about how the implementation of the RERA Act has deeply affected the recovery of the Indian Real Estate...
Takeover of the under construction projects by RERA authority
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Since the implementation of Real Estate (Regulation and Development) Act, 2016 we have witnessed a drastic change in the grievance...
RERA effect on Insurance Sector
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test RERA Act has given legal remedies for the aggrieved home-buyers and also chained the malicious acts of the Developers.
RERA: Conceptualization of Transparency & Efficiency in Real Estate Sector
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test A true picture of RERA shows that RERA is an all – embracing protector and promoter of the real estate...
RERA Karnataka- Permanent Approval vs Provisional Approval
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test More than 400 projects were operational and many of them were on the verge of completion on the basis of...
RERA- Organizing the Real Estate Sector
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test RERA stands tall regulating and promoting the real estate sector and protecting the consumer’s interest.
Allottees Grievances Redressal Forum will now deal with post possession issues
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , ,
Test The grievances of the homebuyers who have already taken the possession will be entertained by the AGRF now as the...
HRERA, Gurugram first Hearing- fine of 30 Lakhs
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , ,
Test HRERA forced a punishment of Rs 30 lakh on an Indo-Japanese joint venture to advertise its task even before registering...
Allottees of HUDA can file complaint before HRERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test H-RERA has announced that alongside with the people who have purchased homes from private developers, the allottees of the HUDA...
RERA’s first hearing in Gurgaon on March 27, 2018
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test RERA Authority in Gurgaon, HRERA now going to begin its grievance redress system by holding the first hearing of complaints...
RERA Effect- Channel Partners are the new star of Real Estate Sector
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Channel partners are multi-functional persons. They work better than brokers because they give advisory for buying the property and they...
MAHA RERA- Leading by setting examples
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Till date MAHA RERA has disposed approx. 850 complainants and in majority the aggrieved home buyers got the relief.
Amendment combining RERA with MHADA Act
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test RERA authority has taken under its ambit of the ongoing reconstruction of old dilapidated structures across Mumbai, on the instruction...
RERA has registered 1,331 projects in Karnataka
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Karnataka is the second state to implement RERA Act for real estate. RERA Authority has successfully registered 1,331 projects out...
An Awareness for Tamil Nadu Developers – RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test Almost every State RERA Authority has started functioning to serve the purpose of the Act and ensuring that no provisions...
2018 – A boom for Karnataka Real Estate Industry
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test The floating population of Bengaluru is too high due to the raise of IT industries, the development of residential projects...
Slow Functioning of Karnataka RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Karnataka had been the second State to implement the RERA Rules within its jurisdiction however the trailblazer has seemed to...
Extension of Deadline as a Warning by Goa RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test     According to Section 59(1) of Real Estate (Regulation and Development) Act, 2016, if any promoter contravenes Section 3...
The completion date has been preponed by MahaRERA
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Justice to be served wherever the issue relates to. MahaRERA is leading ahead in proper implementation of RERA regulations. The...
2018 – A Year of Consolidation for Smaller Developers
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test Now a days the smaller developers are consolidating and have started merging with the Tier-1 developers for the sake of...
Punjab gives another chance to developers to register with RERA
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Punjab RERA some sections of the Act were enforced with effect from 1st May 2016 although it came completely into...
RERA Complaints in Karnataka
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Karnataka (Real Estate Regulatory Authority) is the authority made for homebuyers so that they can get relief and developers cannot...
Circle Rate Revision in Gurgaon Real Estate
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The district administration of Gurgaon has revised its circle rates and the same will come into effect from Monday, February...
RERA provision regarding 70 percent Deposit in Bank Account
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test One of the most prominent provision requires the Developers to deposit 70 percent of the funds collected from buyer in...
20 Property Dealers File Papers at New RERA Office
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test HRERA received 20 applications from those looking for registration as property dealer in two days after the beginning of operations...
65 Projects approved under RERA in Mysore
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test A sum of 65 real estate projects in Mysore had been affirmed by Real Estate Regulatory Authority (RERA), which had...
RERA Notice to 10 City Realtors
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test UDHD have cautioned the promoters and developers of 10 forthcoming projects in and around Patna against publicizing and advertising their...
Real Estate agents not registering under rera citing lack of awareness
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test With real estate accessible in relatively every corner of the State, from shops offering photocopying facilities to visit organizations, one...
Gurgaon RERA to accept complaints from 6th February
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , , ,
Test Gurgaon RERA: The distressed homebuyers will have the capacity to register complaints against developers for not honoring the builder buyer...
MahaRERA launches India’s First Conciliation Forum under RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test MahaRERA has formally proclaimed the launch of its reconciliation platform. The forum will come into live from February 1, 2018....
The Real Estate Market for “Affordable Housing”
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Affordable housing for all, the Narendra Modi government’s plans aimed at housing for the masses, could indeed change the face...
DLF aims to make development arm zero net-debt company
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test After the finish of the promoter's stake deal in its rental arm to Singapore sovereign riches support GICBSE - 0.29...
BHARTI Realty: Growing Big on Bag
Posted on 0 CommentsCategories All About GST, RERA ConsultingTags , , , , , , ,
Test Bharti Realty is the Real Estate firm of Bharti Enterprise which is planning to invest a hug amount of money...
Builders cannot use Intent of disapproval to commence Construction
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Intent of Disapproval has no nexus to proceed with the construction and it cannot be equated with Commencement Certificate, it...
RERA is for Promoting Real Estate Sector and not for Strangling: Venkaiah
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Last year, the government had declared the much-awaited watchdog for the real estate sector i.e. Real Estate (Regulation and Development)...
RERA – Real Estate Market Booster
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , , , ,
Test The commission of RERA and thereby regulating the real estate sector has led to great transformation within the market.
RERA- An opportunity for Corporate Developers
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , ,
Test With the introduction of Real Estate Regulation and Development Act, 2016, the market condition has completely been changed for Real...
Budget 2018: Will the budget 2018 ease Income Tax Benefits for Homebuyers?
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test The finance minister will create Union Budget 2018-19 in a way that would support the economy and guarantee GDP development...
MahaRERA to set up conciliation teams forms a 33-member forum
Posted on 0 CommentsCategories RERA ConsultingTags , , , , , , ,
Test The Maharashtra Real Estate Regulatory Authority (MahaRERA) has created a forum of 33 conciliators to set up 15 groups containing...
Will The Unhappy Home Buyer Return To Under-Construction Properties?
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test The government is undertaking efforts to establish homebuyers’ confidence for committing to under-construction homes by encouraging states to implement RERA,...
RERA vs. Arbitration
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test The RERA is going to override the arbitration clause in the agreement. And keeping the same in view it is...
Compensation Rule under MahaRERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test This article is about MahaRERA and how it rejected complaints of a number of home buyers, who invested their hard-earned...
GOA RERA LAUNCH WEBSITE on Monday: Covering Story
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Goa RERA website launch, builders in rush to register their projects, buyers in rush to file their complaints. Let’s understand...
Why RERA Registration is must for Builders?
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test A detailed article where we are explaining that why RERA Registration is the must for Builders?
Reviving Market: A RERA Prospective
Posted on 0 CommentsCategories RERA ConsultingTags , , , , ,
Test The article lists out the factor affecting the fall in prices in the real estate sector affecting the builders, promoters...
2017 got right for Indian Real Estate?
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test In the first place up, give yourself a pounding pat on the back. You will go down as an extraordinary...
Indian Real Estate is on an upward trajectory
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Looking back at 2017 in terms of real estate and economy it has been an eventful year wherein finally after...
FAQ’s to keep in mind while investing in real estate projects post RERA
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test There are lot of questions you have in mind before investing in real estate projects post RERA. In this article...
RERA: The eavesdropper over the Real Estate Market
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test The RERA Act is keeping a check on accountability of builders, creating transparency among builders and homebuyers and also brainstorming...
All about the “RERA Chairpersons”
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test The Salary of a RERA Chairperson, his role under RERA, his powers are equivalent to a chief justice, let’s have...
RERA: A Watchdog for Builder and Home buyer Modus Operandi
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Since there were no ethics or no governing in the real estate sector, grieved buyers had no idea which door...
Before Tribunal MahaRERA composite a team for ‘Home-Buyers’ Redressal
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test MahaRERA has decided to form nearly 15 conciliation teams comprising two members each, one from realty developers' industry body and...
Committee formed to safeguard the interest of Home Buyers
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test A 30 member Central Committee has been established to safeguard the rights of homebuyers under the Real Estate Regulation and...
Positive Impact of RERA Act on Home Buyers
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The RERA Act was introduced with the demeanour of protecting the interest of homebuyers by creating transparency in the real...
Corruption Scam Lead RERA in action: 300 Cr to help Builders
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Scam of estimate Rs. 300 crore in Madhya Pradesh to help builders dodging RERA laws. Scam caught because awared consumers...
RERA Complaints in Uttarakhand
Posted on 9 Comments on RERA Complaints in UttarakhandCategories RERA ConsultingTags , , ,
Test Uttarakhand which is known as Land of the gods, with reference to its scenic beauty and tourist spots has captivated...
RERA Complaints in Bihar
Posted on 2 Comments on RERA Complaints in BiharCategories RERA ConsultingTags , , ,
Test In the recent years, Bihar has shown valuable development in the real estate sector. It has not only allured developers...
RERA Obligations and RERA Compliances for Builders– Failure attract heavy penalty
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test If any on-going project has not registered under respective State RERA, such project may have to face huge penalty which...
How to File RERA Complaint in Himachal Pradesh
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test After the RERA Act, 2016 let have the view the effect of the enactment on Himachal Pradesh.
How to File RERA Complaint in Punjab
Posted on 14 Comments on How to File RERA Complaint in PunjabCategories RERA ConsultingTags , ,
Test RERA Act, 2016 has come into the picture and the motive behind this enactment is to address the grievances of...
RERA Complaints are Time Bound process
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test RERA is an endowment for homebuyers. Reason being real estate sector has always been push button as there was no...
Consumer Complaints for Real Estate to be filed before RERA
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test The coercion of Real Estate Regulation and Development Act (RERA) i.e. 01/05/2017 has acted as a channel in the realty...
Real Estate Related Grievances for Homebuyers
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Real Estate sector has always baffled homebuyers. Reason being there were no rules and regulations as such for grievances.
MahaRERA Case Law-Interpretations of Co-Promoter Withdrawn
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test MahaRERA case law on power given to state RERA Authority w.r.t section 38 of Central Act. Withdraw of RERA office...
How to file RERA Complaint in Maharashtra
Posted on 20 Comments on How to file RERA Complaint in MaharashtraCategories RERA ConsultingTags , ,
Test Generally, consumers facing problems regarding filing complaint under RERA. In this article, we are writing that how can you file...
How to File RERA Complaint in Gujarat
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test RERA Act, 2016 has been introduced which has provided a big relief and established separate authority to attend the grievance...
Haryana RERA Authority to be finalized by November-end
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Previously it was told that Haryana RERA Authority will be established by October-end. The HRERA Authority will be finally established...
SALE OF PROPERTY TO MULTIPLE PERSONS
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Selling one property to multiple buyers by the builders increased substantially. We are discussing this problem in different parts with...
No Payment of Property Tax
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test “No payment of property tax by the Builder”, this act is frequently occurring in the market because buyers are not...
No Amenities as Promised by the Builder
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test Builders are trying to get the Customers by providing various amenities but sometimes Builders gets off from their path and...
Delay in Possession of the Flat
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test This article is about just to shed some light on the issue to understand this predicament of Delay in possession...
RERA and GST Belt: Homebuyers going for ready-to-move-in Flats
Posted on 0 CommentsCategories All About GST, RERA ConsultingTags , , ,
Test The homebuyers are now opting for ready-to-move-in flats as tax burden has been reduced on them. With the implementation of...
Rights of Home-buyers in Insolvency Petition of Builders
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test The change in the insolvency rules will be acting as a protective ambit for homebuyers. It aims at not only...
Refund of RERA Registration Fees
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test There is changes in the Haryana RERA Rules the developers who registered themselves under the RERA Act may ask for...
Penalties Reduced for Ongoing Projects under RERA in UP
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test UP Government vide its notification as per 59(1) dated 28/09/2017 super ceding its erstwhile notifications in this regards, has prescribed...
Project without RERA Registration to be Rejected in Tamil Nadu
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test By visiting TNRERA Website home buyers will now be fully aware whether the project is registered under RERA or not....
Penalties for no RERA Filing for Developers in Tamil Nadu
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test The State government of Tamil Nadu alleged that developers must register their ongoing projects before selling or advertising. In case...
How to file Complaint under RERA?
Posted on 5 Comments on How to file Complaint under RERA?Categories RERA ConsultingTags ,
Test Homebuyers who have been martyr in the realty sector can now take a deep breath as the focal point of...
Jharkhand RERA Rules, Still a Long Journey
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test Builders are unhappy from the late notification of Jharkhand RERA rules in the state since the developers in Jharkhand only...
RERA’s First Verdict: A Closing Prayer for Homebuyer
Posted on 2 Comments on RERA’s First Verdict: A Closing Prayer for HomebuyerCategories RERA ConsultingTags , ,
Test A closing prayer for the homebuyer the verdict came from Maharashtra Real Estate Regulatory Authority (MahaRERA) on Wednesday which comforted...
Karnataka RERA: A Horror Story for Builders, but also not a Fairy Tale for Buyers
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test According to the act, all the on-going projects in States should register with State RERA Authority till 31st of July...
Registration of Real Estate Agent under RERA for Karnataka
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test As per Karnataka Real Estate (Regulation & Development) Rules, 2016, Every real estate agent who deal in RERA registered projects...
RERA Registration in Bangalore
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The Real Estate Regulation Authority (RERA) Act, has now become a ground reality in real estate sectors.
Abetment to Jaypee Infratech’s Bankrupt Consumers
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test The State Government of Uttar Pradesh has beefed up to provide abetment to the bankrupt homebuyers who have invested their...
RERA Deadline Extended for Projects in Rajasthan
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test RERA Rajasthan: Deadline has been extended for projects in Rajasthan. The new RERA deadline is August 31, 2017,
DLF Smacked by RERA and GST Implementation
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test India’s largest realty firm DLF Limited has proclaimed downfall of 58% in its consolidated net profit at Rs 109.01 crore...
RERA Licensing Process Drowsy in Tamil Nadu
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Since RERA came in there has been downtime in home buying and property development as home loan market has struck...
Homebuyers to Move to Consumer Court for RERA Guff
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test Homebuyers who are heavy-hearted with Haryana’s RERA Act are in the intention of percolating to the National Consumer Disputes Redressal...
RERA Rules Notified by Telangana Government
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Though the Central Authority allows secondary modifications as per the sources Telangana regime has decided to keep the Central Act...
Ongoing Projects Redefined in UP RERA
Posted on 1 Comment on Ongoing Projects Redefined in UP RERACategories RERA ConsultingTags , , ,
Test UP RERA- The State Authority not only extended the RERA deadline but also amended the definition of ongoing projects.
Penalty for Karnataka Builders Failing RERA Registration
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test RERA Karnataka- The builders who failed to register themselves with RERA Authority are barricaded from advertising, marketing, booking, selling or...
RERA Deadline bygone, RERA Registration Still Hangout
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test Though the RERA deadline for registration ended on July 31, 2017, there are nearby 400 registrations that still hang out...
Morning after RERA Deadline July 31, 2017
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test An escape window of 90 days was provided to the developers so that they can register their new and ongoing...
Extension for Goa Builders under RERA Filing
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The State Government has provided a stretch to builders in Goa for ongoing projects to be registered under RERA, even...
AAP Hit on the State for Tributary Support to Builders
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Aam Aadmi Party hit on the State Government and deemed that Haryana RERA is in one breath with developers which...
Builders Head Over Heels in Pressure for RERA Filing
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test The RERA Act is expected to bring up the sales in Real estate in near future providing its worth to...
11th Hour Flow for RERA Registration
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test Due to eleventh-hour rush maximal registration is expected, staff members of MAHA RERA Authority have been asked to work an...
Builders Probing for 90 Days Window for RERA Filing
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test RERA Registration: The builders they are probing RERA Authority for 90-day window from the date of notification of RERA Rules...
“Builders shutting eyes on RERA will face Penalty,” said Government
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test The State government advised the builders to register to register their ongoing projects under RERA Act. If the promoter fails...
RERA: A Daydream for Haryana to Come True
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Haryana Cabinet has validated Haryana RERA Rules, making Haryana 23rd State has notified the RERA Rules.
RERA registration in Uttar Pradesh to be started fromJuly 26
Posted on 0 CommentsCategories RERA ConsultingTags , , , ,
Test The Crucial States already notified RERA (Real Estate Regulatory Authority) Registration by launching RERA website where Uttar Pradesh
RERA Adulteration will shift consumers to High Court
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test A group of homebuyers is worried, Whether the notified rules will affect the position of homebuyers in Haryana. Hence recently...
RERA Registration for Real Estate Agents in Punjab
Posted on 10 Comments on RERA Registration for Real Estate Agents in PunjabCategories RERA ConsultingTags , ,
Test Every real estate agent needs to take prior registration with RERA authority of Punjab before dealing in any transactions relating...
RERA Registration in Punjab
Posted on 2 Comments on RERA Registration in PunjabCategories RERA ConsultingTags , ,
Test As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (RERA) readwith Rule 3 of above...
Notice to Developers in Haryana under REDA Act
Posted on 0 CommentsCategories RERA ConsultingTags , , ,
Test In this context, the Haryana RERA issued show-cause notices to 10 developers on Friday for advertising their projects without getting...
Find Whether RERA Registration Impacting Brokers Community in Real Estate.
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test the real estate brokers are giving their feet some rest, as they are no such deadline for them but in...
MahaRERA Efforts at Peak to Attract Builders for Registration.
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test MahaRERA allowed developers to advertise and market their on-going projects till the end of 90 days from the date of...
Union Minister M Venkaiah Naidu Appeal State Not to Miss Deadline: Any Disorder Will Not be Tolerable
Posted on 0 CommentsCategories RERA ConsultingTags
Test The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July...
What is RERA About- Safeguarding the Interest of Buyers or Developers?
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test 1st of May 2017 marked as a revolutionary date in the history of Real Estate sector as on this date...
RERA in Tamil Nadu
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test The Government of Tamil Nadu has missed the deadline for the assurance of RERA Rules although a draft copy has...
Will RERA and GST be Pier of Realty?
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Some amendment is expected with inclination of buyer in the Urban Real Estate market in the country towards the second...
Bhopal, Center of RERA in Madhya Pradesh
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test Confederation Real Estate Developers Association of India (CREDAI), Bhopal, anticipate around 6% rise in cost of project after GST.
Simple Steps of How to Get RERA Registration
Posted on 29 Comments on Simple Steps of How to Get RERA RegistrationCategories RERA ConsultingTags
Test RERA Authorities has prescribed a simple and transparent procedure for registration of Real Estate Projects and Agents.
RERA in Madhya Pradesh
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test Madhya Pradesh is well known as the “Heart of India” not only for its unique culture and its rich natural...
RERA Registration in Gujarat
Posted on 12 Comments on RERA Registration in GujaratCategories RERA ConsultingTags ,
Test Gujarat is a city of big builders and developers requires a glance of RERA rules implication in Gujarat. Let us...
RERA Registration in Faridabad
Posted on 3 Comments on RERA Registration in FaridabadCategories RERA ConsultingTags ,
Test Being one of the hubs in real estate projects, Faridabad deserve a separate analysis of RERA Registration in Faridabad
RERA Registration in Haryana
Posted on 27 Comments on RERA Registration in HaryanaCategories RERA ConsultingTags ,
Test The first set of regulation in real estate industry has become reality now. The “Real Estate (Regulatory & Development) Act,...
RERA Registration in Agra
Posted on 0 CommentsCategories RERA ConsultingTags ,
Test The Place of Agra has not prescribed the final set of RERA Rules, however, it has started accepting the application...
RERA Registration in Uttar Pradesh
Posted on 3 Comments on RERA Registration in Uttar PradeshCategories RERA ConsultingTags ,
Test The State of Uttar Pradesh has not prescribed the final set of RERA Rules, however, it has started accepting the...
RERA Registration in Jaipur
Posted on 5 Comments on RERA Registration in JaipurCategories Legal Outsourcing, Registration And Compliance, RERA ConsultingTags ,
Test The Real Estate (Regulatory and Development) Act, 2016 has commenced from May 1, 2017. The first set of Rules and...
RERA DEADLINE NEARS BUT REGULATORS NOWHERE
Posted on 2 Comments on RERA DEADLINE NEARS BUT REGULATORS NOWHERECategories Business Advisory, RERA ConsultingTags , ,
Test As RERA deadline nears, regulator in Noida and Greater Noida are nowhere to be seen. RERA was notified in October...
RERA Registration in Gurgaon
Posted on 10 Comments on RERA Registration in GurgaonCategories Business Advisory, RERA ConsultingTags , , ,
Test Being the hub of development and fast growing city, Gurgaon needs separate analysis of RERA Registration in Gurgaon, which is...
RERA Registration in Noida
Posted on 26 Comments on RERA Registration in NoidaCategories Business Advisory, Grievance Redressal, RERA ConsultingTags , ,
Test Having its own fast growth and real estate charm, Noida deserve a separate analysis of RERA registration requirement stating related...
RERA Registration in Lucknow
Posted on 6 Comments on RERA Registration in LucknowCategories Business Advisory, Registration And Compliance, RERA ConsultingTags , ,
Test Being one of the hubs in real estate projects, Lucknow deserve a separate analysis of RERA Registration in Lucknow, which...
Registration of New Real Estate Project Under RERA – NCT of Delhi
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (REDA) readwith Rule 3 of above...
BJP FUSS FOR RERA, ALERT TO STATE GOVERNMENT
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test Karnataka government is sweating bullets about BJP biases towards RERA (Real Estate Regulatory and Development) Act.
WILL STATE BE RESPONSIBLE FOR AFFECTING THE UPKEEP OF BUILDERS AND WORKERS?
Posted on 0 CommentsCategories RERA ConsultingTags , ,
Test As per central government recent press release, it is clarified that no developers shall be allowed to market their projects...
RERA For Real Estate Agents
Posted on 0 CommentsCategories Business Advisory, RERA ConsultingTags , , ,
Test Before the RERA, Real Estate Agents were not required to get their business registered and thus resulted into many manipulation...