Insolvency proceedings against realty firms must be restricted to specific projects according to a new NCLAT ruling, protecting unrelated residential assets.

The NCLAT reaffirms project-specific insolvency rules, ensuring financial disputes are limited to individual developments rather than entire corporate firms.

Raheja Developers faces ongoing insolvency proceedings for its Raheja Shilas project in Gurugram as the NCLAT mandates full buyer settlements for closure.