Cooperative Housing
When a Defaulting Developer Goes Insolvent: Can the Society Still Redevelop? Lessons from the Supreme Court in A A Estates v. Kher Nagar Sukhsadan CHS
On 28 November 2025 the Supreme Court held that a development agreement validly terminated before a developer's insolvency is not an 'asset' protected by the IBC moratorium, and upheld a Bombay High Court writ directing authorities to process a housing society's redevelopment proposal with a new developer.
7 minYeshwant Legal Associates · Adv. Rajesh Tekale