The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has issued an advisory to homebuyers after the National Company Law Tribunal (NCLT) admitted 14 real-estate developers with a total of 129 projects into the Corporate Insolvency Resolution Process (CIRP) during the period from January 2024 to now.
NCLT is now the only authority that can deal with these projects, so UP RERA has informed the allottees to submit their claims only through the appointed Insolvency Resolution Professionals (IRPs).