The National Company Law Tribunal (NCLT) has admitted an insolvency petition against Raheja Developers' Revanta project in Gurugram. 176 homebuyers, who collectively paid over Rs 137 crore, filed the petition citing significant delays in possession beyond promised timelines. The tribunal found a prima facie case of default, noting unhonored commitments and non-compliance with regulatory directions.
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NCLT admits insolvency plea by 176 Raheja Developers’ Revanta buyers over delayed handover
