Homebuyer maintenance associations and RWAs cannot intervene in developer’s insolvency process: SC

NEW DELHI: The Supreme Court on Thursday ruled that homebuyer associations or Resident Welfare Associations (RWAs), which are usually formed for the maintenance and management of common facilities in a housing project, cannot intervene in the insolvency proceedings of the developer company.A bench of Justices JB Pardiwala and R Mahdevan, who upheld the insolvency proceedings […]