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NCLT Admits Katra Realtors Into Insolvency After Ansal API Loan Default Triggers Corporate Guarantee

The NCLT has admitted Katra Realtors, an Ansal API affiliate, into insolvency proceedings after a ₹23 crore corporate guarantee was invoked following prolonged loan default.

By Admin

  • 30th Nov 2025
  • 1129 Views
MREAT Clarifies: Homebuyers Cannot Seek GST, Stamp Duty or TDS Refund from Developers in Delayed Projects

Maharashtra Real Estate Appellate Tribunal rules that statutory charges like GST, stamp duty, and TDS paid by homebuyers cannot be recovered from developers in delayed-possession cases, as these payments go directly to government authorities.

By Admin

  • 29th Nov 2025
  • 1141 Views
NCLAT Overturns Mahagun India Insolvency Order, Directs Project-Specific Fresh Hearing

The NCLAT has set aside the NCLT's insolvency order against Mahagun India Pvt Ltd, citing procedural lapses and directing a fresh project-specific hearing. The decision brings relief to thousands of homebuyers in non-defaulting projects.

By Admin

  • 12th Nov 2025
  • 1208 Views
Supreme Court Sets December 5 as Final Deadline for Jaypee Homebuyers to File Refund or Flat Claims

The Supreme Court has established December 5, 2025, as the absolute final deadline for Jaypee Infratech homebuyers to submit claims for refund or flat allotment under Suraksha Realty's resolution plan.

By Admin

  • 10th Nov 2025
  • 1254 Views
Decade-Long Wait Continues as NRI Investors Face Unfinished Dream in Bengaluru Township

Hundreds of NRI investors remain trapped in a decade-long wait for their dream homes in Bengaluru's Ozone Urbana project, highlighting serious gaps in India's real estate protection mechanisms.

By Admin

  • 30th Aug 2025
  • 1240 Views
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