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how to buy another property when already paying emi for diff property


16-Aug-2023 (In Property Law)
we have booked a flat on Feb 2012 with Casa Royale and after more than 5 years he has declared himself insolvent. The case is already registered. But our EMI is continue and now we want to shut all with this builder and want to buy another ready to shift home but we can't as emi is already been going. As a buyer what can we do next? What government will be doing?
Answers (2)

Answer #1
980 votes
hi sir,

we have readout your query very carefully, you have booked a flat on Feb 2012 with Casa Royale and after more than 5 years he has declared himself insolvent . mai apko batana chati hu ki wo apne apko janpuch insolvent declared kar rha hai aap asa kar sakte hai ki ap 420 ka case kar sakte uske uper.
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Answer #2
908 votes
You can claim you money back under the new arrangement Under Regulation 9A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 . You can claim by giving the proof of your identification records and signing/ notarised affidavit.
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