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NCLT starts insolvency proceedings against Today Homes Noida


The tribunal rejected the submission of the real estate firm that it has got four-year extension from UP Real Estate Regulation Authority (RERA) to complete the project

The NCLT has initiated insolvency proceedings against NCR-based real estate firm Today Homes Noida Ltd on a petition filed by a group of homebuyers.

A two-member NCLT bench, headed by President Justice M M Kumar, has appointed an interim resolution professional (IRP) to take over the management of the company.

There are many companies in Delhi-NCR which are facing insolvency proceedings, including Jaypee Infratech, because of default to home buyers and bankers.

The ...


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