Insolvency Case for Execution of RERA Award By Home Buyer Not Maintainable

The National Company Law Appellate Tribunal, New Delhi has decided the issue of maintainability of insolvency proceedings at the behest of home buyers, who have been awarded compensation by the Real Estate Regulatory Authority. Background Mr. Ashok Tripathi and Mr. Saurabh Tripathi booked dwelling units under a Real Estate Project namely ‘Sushant Golf City’ developed

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