Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLT admitted an insolvency petition based on a ₹3.43 crore default, upholding homebuyers' status as financial creditors after the corporate debtor failed to rebut a 540-unit project threshold.
NCLT admitted a Section 7 petition by homebuyers, finding corporate debtor failed to disprove 540-unit threshold for financial creditor status.
SAFEMA Tribunal upholds ED’s attachment of Ooty property, finding prima facie link to illicit funds from a housing project despite tax disclosures.
SEBI has amended the REIT Regulations, 2014, permitting depository receipts, modifying unitholder voting requirements, and updating sponsor exit mechanisms.
SEBI amends REIT Regulations 2014 to allow issuance of depository receipts, revise sponsor exit norms, and update unitholder voting mechanisms.
SEBI proposes listing depository receipts of REITs and InvITs at International Financial Services Centres, enabling NRI participation and foreign currency fundraising.
SEBI proposes EODB-aligned changes to REIT and InvIT rules, including 75% voting thresholds, sponsor exit rights, and public float norms.
SEBI proposes depository receipts for REITs and InvITs at IFSC to boost NRI investment and global market access, with safeguards for private trusts.
SEBI proposes governance reforms for REITs and InvITs, including 75% voting thresholds, dissenting unitholder rights, and sponsor exit rules.
GSTAT Delhi directs real estate developer to pass on ₹31.20 lakh ITC benefit with 18% interest to homebuyers in violation of Section 18(1) obligations.
Bombay HC rules Section 18 bifurcation can’t be misused by minority to block majority-approved redevelopment.
The Supreme Court has ruled that penalties imposed on an insolvent developer cannot be recovered as CIRP costs from homebuyers, affirming the rights of consumers in insolvency proceedings.