Homebuyers Can Invoke IBC Against Developer Despite Pending RERA Case Over Project Delay: NCLT Kochi

The National Company Law Tribunal (NCLT) at Kochi has held that homebuyers are not barred from invoking insolvency proceedings merely because complaints over project delays are pending before the Real Estate Regulatory Authority (RERA, as long as financial default and distress are established under the Insolvency and Bankruptcy Code. Admitting a Section 7 application filed…

Interpark Commerce declared bankrupt by court

Published: 16 Dec. 2025, 19:43 The Interpark building [YONHAP]   The Seoul Bankruptcy Court on Tuesday declared Interpark Commerce, an online retail subsidiary of e-commerce company Qoo10, bankrupt after financial problems arose from Qoo10’s other subsidiaries’ unpaid seller fees.    The decision comes 16… Read the original article here