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The Supreme Court on Friday suggested major reforms in the Insolvency and Bankruptcy Code "to restore faith in the regulatory and insolvency framework," even as it urged the government to come up with a revival fund to provide financing for stressed real estate projects undergoing insolvency proceedings. The apex court said that the Right to Housing was not merely a contractual entitlement but a facet of the fundamental Right to Life under Article 21 of the Indian Constitution and the governmen ...Read More >
Bengaluru: The Supreme Court recently came down heavily on speculative investors in real estate. Additionally, it said the real estate sector needs systemic reforms to infuse credibility. What prompted this? Mint explains. What did the Supreme Court ruling say? The Supreme Court issued a ruling on 12 September in response to a batch of appeals following a decision by the National Company Law Appellate Tribunal on a housing project in Greater Noida. Affirming NCLAT's ruling that termed the appe ...Read More >
New Delhi: The Supreme Court has said an average home buyer desires a stable roof over their family's head and the anxiety of not having a home despite paying a fortune is bound to take a serious toll on health, productivity, and dignity, and the Centre cannot continue to be a silent spectator, when desire for a dream home of the taxpayers' is shattered. A bench comprising justices J B Pardiwala and R Mahadevan said: "The Union government shall consider establishing a revival fund under Nationa ...Read More >
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