NCLT opinion was sought by UPRERA before deregistration

Dated on: Friday 2nd August 2019

Due to duplicacy of the jurisdiction in resolving consumer grievances, an issue has arisen where due to 1 investor seeking a refund on his investment with NCLT consequence of which an Interim Resolution Professional has been appointed, all the UP-RERA proceedings have been put on hold and the rest buyers who have approached UP-RERA are now in a fix. Therefore, UP-RERA has asked for NCLT's opinion before de-registering the project of Airwil Intelicity in Greater Noida jurisdiction.

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