Fundraising may suffer as more homebuyers drag developers to insolvency courts
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Fundraising may suffer as more homebuyers drag developers to insolvency courts

By Beena Parmar

  • 16 Jan 2019
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Fundraising may suffer as more homebuyers drag developers to insolvency courts
Credit: Thinkstock

The real estate industry’s fundraising prospects may take a hit as freshly empowered homebuyers increasingly drag developers to insolvency courts.  On January 12, the National Company Law Tribunal (NCLT) in Delhi admitted a petition by three homebuyers against Parsvnath Landmark Developers for what they claimed was an inordinate delay in the ......

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