NCLT Initiates Insolvency Proceedings Against Builder On Homebuyers' Plea

Arunima Bhattacharjee

29 Aug 2019 10:19 AM IST

  • NCLT Initiates Insolvency Proceedings Against Builder On Homebuyers Plea

    The NCLT Delhi has admitted an insolvency petition filed by a group of 'homebuyers' against the builder Today Homes Noida India Ltd. The allottees of the flat (homebuyers) had entered into a Flat Buyers Agreement for allotment of flats in a residential project at Noida, with Today Homes during 2011-13, and had paid almost 90% of the purchase value. As per the agreement,...

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