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  • Centre’s decision on IBC may impact homebuyers’ interests: Experts Sep 25, 2020 02:34 PM IST

    Centre’s decision on IBC may impact homebuyers’ interests: Experts

    The extension unlikely to impact ongoing cases. However, delivery of homes may get delayed and buyers may not be able to initiate corporate insolvency resolution process (CIRP) in case of fresh matters

  • Around 500 homes in Jaypee projects likely to be handed over within 3 months Jun 09, 2020 07:15 PM IST

    Around 500 homes in Jaypee projects likely to be handed over within 3 months

    Construction work is currently being overseen by the interim monitoring committee

  • Explainer | FM’s ‘no fresh insolvency’ offer comforts builders, but what about homebuyers? May 19, 2020 07:55 AM IST

    Explainer | FM’s ‘no fresh insolvency’ offer comforts builders, but what about homebuyers?

    Measure does little to boost housing sales and may curtail remedies available to homebuyers, say legal experts

  • Coronavirus pandemic | Cabinet clears relief from insolvency for six months Apr 23, 2020 12:30 PM IST

    Coronavirus pandemic | Cabinet clears relief from insolvency for six months

    It was cleared on April 22 and has been moved as a one-time measure

  • Lockdown period to be excluded from insolvency process timeline: NCLAT Mar 31, 2020 08:35 AM IST

    Lockdown period to be excluded from insolvency process timeline: NCLAT

    Passing a suo motu order, a three-member NCLAT bench headed by Acting Chairperson Justice B L Bhat said that it would applicable in all the corporate insolvency resolution process, which has been initiated or pending, or pending in Appel before the benches of NCLTs or before the appellate tribunal.

  • IBBI eases timelines within 330-day deadline for insolvency resolution process Mar 30, 2020 08:50 AM IST

    IBBI eases timelines within 330-day deadline for insolvency resolution process

    Against the backdrop of the 21-day lockdown to curb spreading of coronavirus infections, the Insolvency and Bankruptcy Board of India (IBBI) has amended certain regulations.

  • Exclusive | Construction of Jaypee projects may see delay as NBCC mulls NCLAT appeal Mar 11, 2020 06:37 PM IST

    Exclusive | Construction of Jaypee projects may see delay as NBCC mulls NCLAT appeal

    Legal experts said that timely compliance of the order is essential to ensure that projects are not delayed.

  • Explainer: 10 things to know about NCLT's Jaypee Infratech order Mar 06, 2020 12:37 PM IST

    Explainer: 10 things to know about NCLT's Jaypee Infratech order

    It remains to be seen how the two modifications–payment to ICICI within 18 months and the concessionaire agreement with YEIDA- are dealt with.

  • Jaypee Infratech case: NCLT clears NBCC resolution plan Mar 03, 2020 06:18 PM IST

    Jaypee Infratech case: NCLT clears NBCC resolution plan

    The Rs 750 crore deposited by Jaiprakash Associates would also be part of the plan, NCLT said.

  • IBC amendment Bill 2019: Finding the middle ground a must Mar 02, 2020 01:49 PM IST

    IBC amendment Bill 2019: Finding the middle ground a must

    The onus is now on the SC to find a middle-ground whereby rights of homebuyers as financial creditors are not curtailed and the developers are not made to bear the brunt of unfettered rights vested in the hands of buyers

  • SBI to hold e-auction of over 1,000 properties across India including Delhi, Mumbai and Chennai Feb 24, 2020 09:31 PM IST

    SBI to hold e-auction of over 1,000 properties across India including Delhi, Mumbai and Chennai

    These include open plots, residential, commercial and industrial properties across the country.

  • Amendments to insolvency law must be dropped: Homebuyers Feb 24, 2020 07:28 PM IST

    Amendments to insolvency law must be dropped: Homebuyers

    The Standing Committee on Finance held a meeting with representatives of homebuyers on February 24 to give them a hearing on the proposed changes in the IBC.

  • Insolvency of real estate firms to be limited to project, not across group: NCLAT Feb 11, 2020 03:45 PM IST

    Insolvency of real estate firms to be limited to project, not across group: NCLAT

    While some legal experts are of the view that this would ensure completion of projects, others caution that the order is contrary to the fundamental tenets of insolvency and may lead to chaos

  • Amendments to insolvency law ‘unreasonable’ and ‘regressive’, homebuyers say Feb 11, 2020 10:28 AM IST

    Amendments to insolvency law ‘unreasonable’ and ‘regressive’, homebuyers say

    Buyers are directly impacted by these changes and should be given an opportunity to be heard

  • IBC amendment: SC agrees to hear homebuyers’ plea against ordinance Jan 13, 2020 01:14 PM IST

    IBC amendment: SC agrees to hear homebuyers’ plea against ordinance

    The court to examine the validity of Centre’s decision to amend the code that requires at least 100 or 10% of the homebuyers of a project fixed to begin insolvency against builders.

  • Homebuyers challenge IBC amendment dealing with minimum requirement to initiate insolvency against developer Jan 06, 2020 07:37 PM IST

    Homebuyers challenge IBC amendment dealing with minimum requirement to initiate insolvency against developer

    Threshold of 100 homebuyers against ‘fundamental rights guaranteed in the Constitution,’ buyers said.

  • Real estate in 2019: A look at 10 game- changing regulatory decisions Dec 31, 2019 01:50 PM IST

    Real estate in 2019: A look at 10 game- changing regulatory decisions

    2019 was a year of 'recovery and recuperation'. Regulatory seeds sown this year are expected to bear fruits in 2020.

  • Jaypee insolvency case | Homebuyers, banks vote in favour of NBCC Dec 16, 2019 06:42 PM IST

    Jaypee insolvency case | Homebuyers, banks vote in favour of NBCC

    Some take a cautious approach and vote for both Suraksha Realty and NBCC

  • IBC: Ring fencing the corporate debtor from all defects Dec 12, 2019 11:33 AM IST

    IBC: Ring fencing the corporate debtor from all defects

    Protecting a company from the actions of its promoters will help the acquirer in an insolvency process. But it could create a moral hazard

  • IBC Amendment Bill 2019: Developers happy but homebuyers say things more difficult now for them Dec 11, 2019 10:36 PM IST

    IBC Amendment Bill 2019: Developers happy but homebuyers say things more difficult now for them

    For the real estate sector, the IBC Amendment Bill 2019 stipulates that insolvency action can be initiated only if 10 percent or 100 homebuyers (whichever is lower) or debenture holders agree to the move.

  • Jaypee Infratech case: NBCC, Suraksha Realty submit final bids Dec 03, 2019 10:08 PM IST

    Jaypee Infratech case: NBCC, Suraksha Realty submit final bids

    NBCC in its final bid has offered 1,526 acres of land to lenders as against its earlier proposal of 1,426 acres; Suraksha Realty proposes 2,220 acres of land worth Rs 9,800 crore under the land-debt swap deal

  • Jaypee Infratech case: NBCC may offer 10% more land to lenders Dec 02, 2019 12:56 PM IST

    Jaypee Infratech case: NBCC may offer 10% more land to lenders

    Suraksha may increase amount promised as compensation for delay; may hand over 250 towers in three years to buyers.

  • Jaypee Infratech lenders demand more land, debt-free Yamuna Expressway from NBCC: sources Nov 28, 2019 08:16 PM IST

    Jaypee Infratech lenders demand more land, debt-free Yamuna Expressway from NBCC: sources

    Buyers demand delay compensation; Bidders asked to submit revised final proposals by December 3

  • Why homebuyers want NBCC and not Suraksha to take over Jaypee projects Nov 22, 2019 06:51 PM IST

    Why homebuyers want NBCC and not Suraksha to take over Jaypee projects

    Want a forensic audit into the affairs of JIL since its inception, NBCC must pay a delay compensation under RERA norms and that no private service provider’s portal be used for voting

  • Lenders of Jaypee Infratech may start voting on final bids by December 8: Sources Nov 22, 2019 12:31 PM IST

    Lenders of Jaypee Infratech may start voting on final bids by December 8: Sources

    The meeting of Jaypee Infratech's CoC to discuss queries on the interim plans submitted by NBCC and Suraksha Realty is expected to take place on November 28, sources said

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