CAN HOME BUYER APPROACH NCLT ?

National Company Law Tribunal, Supreme Court, Advocate
For majority of Indians Home Buying is once a lifetime dream. However, the rate at which builders are defaulting is alarming, adding to the plight of home buyers.

GOI Ordinance

Where and Whom to approach for remedy in case of Builder’s default, is a natural question. National Company Law Tribunal used to be fast track mechanism for redressal of Home Buyers Grievances. But GOI by an ordinance has, practically taken away this remedy from Home buyers.


Now to approach NCLT, practically impossible conditions has been imposed by GOI in December, 2019, thereby protecting the Builders.

Now to approach NCLT home buyers has to unite themselves and fulfill either of the one conditions :-

1. One hundred of such allottees under the same real estate project or

2. Not less than ten per cent of the total number of such allottees under the same realtor project,

whichever is less:

So, Practically for Home Buyers - first you have to become a Neta and unite 100 buyers before approaching NCLT!!!

In case , you need any clarification / assistance / help, please feel free to contract me on my whatsapp number. 




Location: Delhi, India
Praveen Agrawal Advocate Supreme Court of India A 37 LGF, Amar Colony, Lajpat Nagar - 4, New Delhi Phone # 9811702850 dokania100@gmail.com NO CALLS PLEASE ONLY WHATSAPP ME - IF I FEEL NECESSARY I WILL CALL YOU BACK

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