RCOM: ₹4,462.81 Cr Assets Seized as Authority Confirms Attachment

What happened today The Adjudicating Authority issued orders on April 10, 2025, confirming the provisional attachment of properties belonging to Reliance Communications Limited (RCOM), Campion Properties Limited (CPL), and Reliance Realty Limited (RRL). These confirmations follow earlier Provisional Attachment Orders (PAOs) issued in late 2025. PAO No. 32/2025, dated October 31, 2025, attached properties valued…

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NCLAT reiterates project-specific scope for insolvency proceedings against real estate firms, confines CIRP to defaulting project

The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against real estate developers must be restricted to the specific project in default, ruling that such actions cannot extend to other unrelated projects of the same corporate entity. The appellate tribunal delivered the ruling while deciding an appeal filed by…