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Navigating Builder-Buyer Disputes in India: Insights into Forum Choices and Relative Restrictions

In India, the real estate sector is the most powerful economic foundation and second-highest employment generator, after the agriculture sector. It comprises of four sub-sectors - housing, retail,. ....

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Imperia Structures Insolvency: NCLT directs to initiate insolvency proceedings against Imperia Structures, appoints IRP, ET RealEstate

Imperia Structures Insolvency: Admitting a joint plea filed by 28 unit holders of its Gurugram-based project Imperia Mindscape , the insolvency tribunal said after examining the records, it is clear that there is a debt and a subsequent default by the realty firm for an amount of Rs 36.79 crore as it could not provide assured returns as promised. ....

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NCLT directs to initiate insolvency proceedings against Imperia Structures, appoints IRP

NCLT directs to initiate insolvency proceedings against Imperia Structures, appoints IRP
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nclt: NCLT directs to initiate insolvency proceedings against Imperia Structures, appoints IRP

"The petition establishes that the corporate debtor is in default of a debt due and payable and that the default is for an amount which is more than the minimum amount of pecuniary threshold stipulated under section 4 (1) of the Code. The instant petition. for initiating CIRP against Imperia Structures Limited, the corporate debtor, stands admitted and CIRP of Imperia Structures Limited is initiated," said NCLT. ....

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NCDRC Dismisses Revision Petition By IndusInd Bank, Citing Violation Of RBI's Code Of Bank's Commitment To Customers

The NCDRC presided by President Dr. Inder Jit Singh dismissed the Revision Petition filed by IndusInd Bank Ltd. (Bank) against Sanjay Ghosh (Complainant) and upheld the State Commission order. ....

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