Before 2016, the only remedy available for homebuyers whose housing projects were stalled for various reasons was through the Consumer Forums established under the Consumer Protection Act of 1986. In FY24, over 5,500 cases were filed with the National Consumer Dispute Redressal Commission, and almost 21 percent were related to the housing sector. However, theContinue reading “Role of IBC in Reviving Stalled Real Estate Projects and Strengthening Home Buyers’ Rights”