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.

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.

"Mumbai-based Yogayatan Group emerges as top bidder for debt-ridden Lavasa Corporation with ₹795 crore offer, surpassing Welspun Group and Valor Estates in final bidding round."

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.

Valor Estate wins Lavasa Corporation bidding with ₹771 crore offer. Third resolution attempt for the debt-ridden hill city project near Pune. Environmental clearance remains key challenge for final approval.

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.

Major Indian conglomerates Adani, Vedanta, Dalmia & Suraksha submit bids for debt-laden Jaypee's ₹57000 cr assets. CoC evaluates resolution plans for JAL's real estate & cement portfolio revival.RetryClaude can make mistakes. Please double-check responses.

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.

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

Proposed IBC reforms by IBBI aim to resolve delays, ensure fair claims, and enhance transparency, offering relief to homebuyers and strengthening the real estate resolution framework.

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

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.

The bankruptcy court allowed Macrotech Developers to buy V Hotels Ltd., which owns the Tulip Star Hotel, formerly the Centaur Hotel. The property in Mumbai's upmarket Juhu neighbourhood will be bought by Lodha Group business Macrotech Developers for Rs 890 crore.