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.

Union Housing Minister Manohar Lal criticized NCLT's failure to revive stalled real estate projects, calling for urgent reforms in India's property sector resolution mechanisms.

The grounded airline's liquidation team has revealed its intention to monetize the premium Mumbai office space for creditor repayment as institutional buyers circle the high-value commercial asset

Valor Estates has emerged as the frontrunner in Lavasa Corporation's acquisition with a ₹946 crore bid, while legal disputes threaten to delay India's first planned hill city's resolution process.

Oberoi Realty-led consortium successfully acquires Hotel Horizon in Mumbai's Juhu for ₹919 crore through insolvency resolution, securing prime sea-facing real estate for luxury development.

Welspun Group submits highest bid of Rs 850 crore for Lavasa Corporation as six developers compete in second acquisition attempt. Environmental clearance remains key hurdle for India's first private hill station project.

Lavasa City, India's ambitious ₹25,000 crore private hill station near Mumbai and Pune, transformed from a luxury European-style dream into a cautionary tale of environmental violations, financial collapse, and stalled development.

JM Financial Products secures 142,000 sq ft office space worth ₹150 crore in Mumbai's Mulund through bankruptcy resolution. Major NCLT settlement benefits 500+ homebuyers in stalled project revival.

Kanakia Group has approached the NCLT to demerge its real estate arms, aiming to boost investor interest and improve capital access through operational restructuring.

Delhi One in Noida gets a fresh lease of life as Max Estates takes over the stuck project, planning significant investments to deliver a world-class experience.

Learn how the National Company Law Tribunal handles corporate disputes, real estate cases, and insolvency in India. Includes online filing steps and recent updates.

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

Max Estates, the Max Group's real estate subsidiary, received Noida Authority clearance to manage the 'Delhi One' commercial project in Sector 16B. The business settled dues of ₹613 crore.