Supreme Court stayed NCLT proceedings against More than 75 Builders.

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Supreme Court stayed NCLT proceedings against More than 75 Builders.

The Hon’ble Supreme Court has admitted the Writ petition challenging the constitutional validity of Amendment in the Insolvency and Bankruptcy Code (Second Amendment) Act 2018 which clarified that allottees under a real estate project should be treated as financial creditors.

Hon’ble Supreme Court has stayed NCLT proceedings of following Builders:-

  1. AARCITY BUILDERS PVT. LTD.
  2. AKSHAYA PVT. LTD.
  3. ALISA INFRATECH PRIVATE LIMITED – ARUN KUMAR
  4. AMB INFRABUILD PVT. LTD.
  5. AMR INFRA SOLUTIONS PRIVATE LIMITED
  6. ANS APARTMENTS PRIVATE LIMITED
  7. ANSAL CROWN INFRABUILD PVT. LTD.
  8. ANSAL HITECH TOWNSHIPS LTD.
  9. ANSAL PROPERTIES AND INFRASTRUCTURE LTD.
  10. ASSOTECH MOONSHINE URBAN DEVELOPERS PRIVATE LIMITED
  11. ATHENA INFRASTRUCTURE LTD
  12. AVP BUILDTECH PVT. LTD.
  13. BAYA WEAVER LIMITED
  14. BESTECH INDIA PVT. LTD.
  15. BOP PROJECTS PVT. LTD. – KAMESH BADHANA
  16. BPTP LIMITED
  17. BRAHMA CITY PRIVATE LIMITED
  18. C AND C TOWERS LTD.
  19. COSMOS INFRA ENGINEERING (INDIA) PVT. LTD.
  20. COUNTRY COLONISERS PVT. LTD.
  21. CROWN REALTECH PVT. LTD.
  22. DHARANI DEVELOPERS PRIVATE LIMITED
  23. DREAM PROCON PVT. LTD
  24. DWARKADHIS PROJECTS PVT
  25. EMMAR MGF LAND LIMITED – AKSHAT MAHESHWARI
  26. ENTERTAINMENT CITY LIMITED
  27. FERROUS TOWNSHIP PRIVATE LTD.
  28. FUTURE WORLD GREEN HOMES PVT. LTD.
  29. GOLDEN PEACOCK RESIDENCE PVT. LTD
  30. HOMESTEAD INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED – RAJAN GOYAL
  31. HORIZON BUILDCON PVT. LTD
  32. HORIZON CONCEPT PVT. LTD
  33. IREO GRACE REALTECH PRIVATE LIMITED
  34. JASMINE BUILDMART PRIVATE LIMITED
  35. K.S. PROPMART PRIVATE LIMITED
  36. KDP BUILDWELL PRIVATE LIMITED
  37. KST INFRASTRUCTURES LTD.
  38. LANDMARK APARTMENTS PVT. LTD
  39. MASCOT HOMES PVT. LTD
  40. MIST DIRECT SALES PRIVATE LIMITED
  41. MORPHEUS DEVELOPERS PRIVATE LIMITED – PRITHVI RAJ KASANA
  42. ORRIS INFRASTRUCTURE PVT. LTD.
  43. PARSVNATH DEVELOPERS LTD
  44. PARSVNATH LANDMARK DEVELOPERS PVT. LTD
  45. PIONEER URBAN LAND AND INFRASTRUCTURE LIMITED
  46. PURI CONSTRUCTION PVT. LTD.
  47. R.G. RESIDENCY PRIVATE LIMITED
  48. RAJESH PROJECTS (INDIA) PVT. LTD
  49. RAMPRASTHA PROMOTERS AND DEVELOPERS PVT. LTD
  50. RUDRA BUILDWELL INFRA PVT. LIMITED
  51. SAHA INFRATECH PVT. LTD
  52. SARE GURUGRAM PRIVATE LIMITED
  53. SARE SAAMAG REALTY PVT. LTD.
  54. SARE SHELTERS PROJECT PRIVATE LIMITED
  55. SARVOTTAM REALCON PVT. LTD.
  56. SDS INFRACON PVT LTD.
  57. SEPSET PROPERTIES PRIVATE LIMITED
  58. SHREE VARDHMAN INFRAHEIGHTS PVT. LTD.
  59. SHREEPATI BUILD INFRA INVESTMENT LTD
  60. SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED
  61. SIDHARTHA BUILDHOME PRIVATE LIMITED
  62. SJP INFRACON LIMITED
  63. SPAZE TOWERS PRIVATE LIMITED
  64. THREE C PROJECTS PVT. LTD.
  65. THREE C SHELTERS PVT. LTD.
  66. TODAY HOME AND INFRASTRUCTURE PRIVATE LIMITED
  67. TODAY HOMES NOIDA PRIVATE LIMITED
  68. TULSIANI CONSTRUCTIONS AND DEVELOPERS PVT. LTD
  69. UNNATI FORTUNE HOLDINGS LTD
  70. UPPAL CHADHA HI TECH DEVELOPERS PVT. LTD
  71. VARALI PROPERTIES LIMITED
  72. WAVE MEGACITY CENTRE PVT. LTD.
  73. WAVE MEGACITY CENTRE PVT. LTD.
  74. WAVE MEGACITY CENTRE PVT. LTD.
  75. WIANXX IMPEX PRIVATE LIMITED
  76. ZESTHA PROJECTS PVT. LTD.

Home Buyers are advised to avoid filing cases in NCLT till the final judgement of Hon’ble Supreme Court in the Writ Petitions file


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