Can homebuyers seek a RERA refund after a real estate project enters insolvency? What NCLT Mumbai said
The Mumbai bench of the National Company Law Tribunal ruled that individual homebuyers cannot claim refunds under the Real Estate (Regulation and Development) Act if their claims conflict with an approved insolvency resolution plan. This decision emphasizes that homebuyers' rights are governed by the resolution plan, impacting their ability to seek refunds after a project enters insolvency.