Search Results for: rights of the homebuyers

Rights of Homebuyers under the Insolvency and Bankruptcy Code

Homebuyers could only engage in the IBC procedure as a class of financial creditor. Individual homebuyer rights were absorbed by homebuyer rights as a class.

Homebuyers approach parliamentary committee against ordinance infringing their rights to approach NCLT

Forum for People’s Collective Efforts, has approached the parliamentary standing committee on finance with its objection to a proposed amendment to the Insolvency and Bankruptcy Code.

Rights and Duties of the Allottees

Neither the promoter nor the allottee can deny such rights & duties as mentioned in this article no matter what has been documented by the Builder or agreed by the Allottee.

Rights of the borrower in case of harassments by the banks

If the debt recovery is based on erroneous information that led to the loss of your score, then you can file a defamation suit against the bank and recovery agency.

Karnataka High Court orders for interim stay on the recovery of EMI from Homebuyers

The Karnataka High Court on 16.11.2021, allowed a deferment of all loan repayments, and directed the bank not to recovery the home loan and refrain from take any coercive action.

Reverse Insolvency- Legal Remedy to Homebuyers as Group to get the Project Completed

The reason for stalling of a project can be one or many but the real objective for a homebuyer is to get the best possible remedy which protects the interest of all homebuyers of such a project.

A Welcome Step by UPRERA – Makes way for homebuyers aggrieved of Conciliation Agreement

Conciliation forum is one such mechanism to resolve the issues adeptly. But there are several cases in which a conciliation agreement has not been honored by the builders.

REVERSE INSOLVENCY – GOOD FOR ALL (HOMEBUYERS & BUILDER)

Reverse Insolvency Under IBC laws, seems best solution for struck real estate projects and Reverse Insolvency concept is kind good for both homebuyer and builder

How IBC can help Homebuyers to revive stuck projects

There has been no or little knowledge about the functioning of IBC but let us assure you that we have done many matters under IBC and have ended up getting justice for all our home-buyers clients. It is quick, efficient and result oriented.

MahaRERA invokes Force Majure- How and in What way it is Wrong for the Homebuyers?

Such one-sided notification by MahaRERA is a big black mark on the rights of the homebuyers. The notification provided all sorts of protection to developers/builders in terms of payment of interest and delivery of units but it nowhere caters to the difficulties faced by the homebuyers.

Completion Date of Real Estate Projects Extended- What does it mean for Homebuyers?

The homebuyers who were to get their homes anytime soon have to now at least wait for another period of 6 months or maybe 9 after the extension of real estate projects’ completion date.

Extension of RERA Registration cannot deprecate Homebuyers Right

Continuous demands of the project developers for extension of RERA registration have posed a major question of marginalizing the interest of the Homebuyers.

COVID-19 Crisis-The government should protect the interest of the Homebuyers

Due to COVID-19 the most affected have been the real estate industry as both the demand as well as the supply side has been adversely affected.

Govt May Change IBC Laws for Buyer Protection, Stricter Norms for Homebuyers

The Ministry of Corporate Affairs may soon likely to move amendments to the code, including protection for new buyers and tighter norms for home buyers in terms of taking developers to the NCLT.

NCLT flooded with cases by Homebuyers: Over 1800 cases filed so far

The latest government data shows that how IBC is a huge change brought by the recent government in terms of a speedy redressal for the aggrieved homebuyers.