Search Results for: relief to aggrieved homebuyers

Delay in Project? You can Claim Interest under RERA Act

Don’t keep sleeping on your rights as homebuyers because the newly implemented RERA is here to empower you and before time runs out to go grab your rights.

Insolvency Process starts against Rohtas Projects

This article is all about the insolvency process which has been initiated which may include filing of claims, acceptance of claims, making of the committee of creditors and resolution plan

UP-RERA to hand over stuck projects to new developers for carrying out the development works

The UP-RERA Authority has ordered to revoke the registration of these existing developers whose projects have been standing-out for more than one year.

How to file claim for Insolvency against Today Homes

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 helped to get justice to 144 home buyers by handover of stalled projects

Centrik is feeling proud to being helping hand to the 144 aggrieved homebuyers to get justice on handover stalled projects. 

Analysis of Judgment of the Supreme Court upholding the legality and constitutionality of Section 5(8)(f) of IBC, 2016

Judgment, which is titled Pioneer Urban Land and Infrastructure Ltd. and Anr. v. Union of India and Ors. upholds the constitutional validity of Section 5(8)(f) of the Insolvency & Bankruptcy Code, 2016 (hereinafter as the ‘Code’).

What if the agreement does not mention the possession date?

Not mentioning the date of giving possession to the buyer is a clear matter of fraud and misrepresentation and as per the Maharashtra Ownership of Flats Act of 1963.

Recovery of Money through Insolvency Laws

If any company is not making the payment as per agreed terms, then an insolvency petition may be filed u/s 7 or 9 based upon the facts, before NCLT to initiate the insolvency proceedings.

Execution of RERA Orders

The execution of the orders is still a far fetched process as the RERA has failed to implement the execution mechanism under the RERA.

RERA: Where No Builder-Buyer Agreement is Signed

Although, the home-buyers are taking a sigh of relief but what if there is no Builder-Buyer agreement executed between the Builder and buyer.

Should Home Buyer under RERA be given preference under Insolvency And Bankruptcy Code, 2016

IBC and RERA Act, enacted in 2016, appear to be pitted against each other as far as protecting the interests of bankers and home buyers are concerned.

Mumbai Grahak Panchayat launches portal to track non-RERA registered projects

Mumbai Grahak Panchayat has come with a solution wherein it has launched a portal that will enable buyers to upload information of ongoing residential projects

How to file a complaint under RERA

Filing of complaint is the first step in getting justice but as they say well begun is half done thus if filling is done efficiently justice cannot be left far behind.

Rights of Homebuyer in Case of Cancellation by The Builder

The builders started acting smart and cancelled the allotment on this pretext but never returned the money collected from the buyers.