Homebuyers who had taken a loan from the banks to pay for their flats in the Project, were being harassed by the banks who were forcing the homebuyers to pay their EMIs.
Category: Cross Border Advisory
Debt Restructuring a method of revival of the Real Estate Sector
The UP-RERA has now requested the RBI to consider restructuring the loans taken by the builders for the completion of real estate projects.
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
Implications of cheque bounce under Insolvency Laws (IBC)
Cheque bouncing is also the default in making payment of debt, and petition under IBC laws may be admitted
Demand Notice significant for admission of application under section 9 of IBC
In the absence of specific evidence relating to invoices actually forwarded by the appellant and there being a doubt, the insolvency petition cannot be entertained under section 9 of IBC.
Can homebuyer approach NCLT before RERA?
RERA has been specifically setup to regulate the real estate sector therefore one must approach RERA before approaching NCLT.
Know: How NRI’s Can Start a Business in India
Numerous queries and ambiguities relating to foreign nationals that we often come across from our visitors and entrepreneurs who are desirous of incorporating a company in India or just wanting to start a business in India.
Are Other Investment Options Better Than PPF, Let’s Do The Comparison
The rate of Public Provident Fund (PPF) will now offer 7.9% but experts say it is still a good option for investors. Given that consumer inflation is down to 3.65%, the real rate of return of the PPF is a healthy 4.25%.
Know The Procedure to Set-Up Your Business in India
Registering a startup or a new business in India first and foremost one has to go by, there are some official procedures a startup or a company has to follow in order to register them in Indian official records.
Know: How to get Import and Export Code in India
Sellers selling goods outside the state/country they operate is called the export of goods, purchasing goods from other countries is called import of goods.