NCLT starts insolvency proceedings against Today Homes Noida
29-Aug-2023 (In RERA Law)
I have a flat in Today Homes Noida. I paid full amount but did not get the possession.
Now NCLT has started in insolvency proceeding again them as other customers as suied the builder (not me). Do i have to hire a lawyer to get my money back? or NCLT will resolve all the customer cases including me?
The National Company Law Tribunal has initiated insolvency proceedings against real estate firm Today Homes Noida Ltd. on a petition filed by a group of homebuyers.
The National Company Law Tribunal has initiated insolvency proceedings against real estate firm Today Homes Noida Ltd. on a petition filed by a group of homebuyers
The National Company Law Tribunal has initiated insolvency proceedings against real estate firm Today Homes Noida Ltd. on a petition filed by a group of homebuyers
in this scenario you have to file your representation separately because your claim amount must be different from the others and also once the proceeding gets over in this matter and you made no representation then it will be difficult position for you to recover as there will no asset leftover asset probably. so better file one now.
No, you will require a lawyer, but not immediately right now. after insolvency proceeding is initiated, an interim resolution professional is put in charge. You will then be required to file application to the IRP when the stage comes and for that you should ideally have a lawyer. the IRP will publish certain forms that will have to be filed. until then, you should finalise which lawyer you want to go ahead with.
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