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Raheja Developers: NCLAT Confirms Insolvency proceedings Limited to Specific Realty Projects, ETRealty

NEW DELHI: The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot extend to other projects of the corporate debtor. The appellate tribunal highlighted that putting all other projects of the realty firms, which are…