Case Law Analysis
|National Company Law Appellate Tribunal
Co-Developers Entitled to Execute Registration Deeds Under Master Agreement During CIRP : NCLAT Upholds Homebuyers' Rights in Project-Wise Resolution
NCLAT ruled that co-developers of the completed 'Doon Square' project can execute registration deeds for homebuyers under the Master Agreement dated 08.10.2024, despite the corporate debtor's insolvency. The Tribunal directed statutory authorities to accept joint applications, reinforcing homebuyers' rights in project-wise resolution under the Insolvency and Bankruptcy Code.