Saturday, September 5, 2026
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Home Buyers’ Plight Highlighted – Developer’s Delay & CIRP Cost Liability

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Judgment dated of the Supreme Court of India in Civil Appeal No.3132 of 2026 of the Authorised Representative for Granite Gate Properties Private Limited Ms. Rakesh Verma   Vs.  M/s New Okhla Industrial Development Authority and others

Yet another case highlighting the plight of home buyers, who invest their hard-earned life savings for a roof over their heads, on promises of living in style and luxury, in grandiose high-rise buildings promised by the developer, with exotic names, end up with the realization that it was all a pipe dream.

The developer was declared as Corporate Debtor.

time extension charges are to be treated as CIRP costs.

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