653+ Lawyers are online 
What are the consequences if builder of township declared insolvent
18-Apr-2023 (In Consumer Court Law)
builder become insolvent of my flat in township does bank will occupied the whole project inaspect of his company loan??
There are judgements of the Supreme Court, which says that the interest of all stakeholders are to be protected. Like Chitra Sharma filed a case against JP Infra for protection of interest of consumers (flat owners). you can also file an objection before NCLT.
Helpful?
16+
16+
Adv. Ayur Jain
Bhopal | 25+ Answers
CONTACT NOW
If your flat is not registered in your name till now and you haven't got it's possession than along with the bank, you will be placed as a creditor during the liquidation of the assets of the builder, in respect of the purchase money of your flat. For that, keep watch on the insolvency proceedings, appoint a lawyer and make your claim at right time.
Helpful?
19+
19+
Adv. Pradeep Naik
Indore | 200+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Consumer Court lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
