The Hon’ble Supreme Court has admitted the Writ petition challenging the constitutional validity of Amendment in the Insolvency and Bankruptcy Code (Second Amendment) Act 2018 which clarified that allottees under a real estate project should be treated as financial creditors.

Hon’ble Supreme Court has stayed NCLT proceedings of following Builders:-

1. AARCITY BUILDERS PVT. LTD.

2. AKSHAYA PVT. LTD.

3. ALISA INFRATECH PRIVATE LIMITED – ARUN KUMAR

4. AMB INFRABUILD PVT. LTD.

5. AMR INFRA SOLUTIONS PRIVATE LIMITED

6. ANS APARTMENTS PRIVATE LIMITED

7. ANSAL CROWN INFRABUILD PVT. LTD.

8. ANSAL HITECH TOWNSHIPS LTD.

9. ANSAL PROPERTIES AND INFRASTRUCTURE LTD.

10. ASSOTECH MOONSHINE URBAN DEVELOPERS PRIVATE LIMITED

11. ATHENA INFRASTRUCTURE LTD

12. AVP BUILDTECH PVT. LTD.

13. BAYA WEAVER LIMITED

14. BESTECH INDIA PVT. LTD.

15. BOP PROJECTS PVT. LTD. – KAMESH BADHANA

16. BPTP LIMITED

17. BRAHMA CITY PRIVATE LIMITED

18. C AND C TOWERS LTD.

19. COSMOS INFRA ENGINEERING (INDIA) PVT. LTD.

20. COUNTRY COLONISERS PVT. LTD.

21. CROWN REALTECH PVT. LTD.

22. DHARANI DEVELOPERS PRIVATE LIMITED

23. DREAM PROCON PVT. LTD

24. DWARKADHIS PROJECTS PVT

25. EMMAR MGF LAND LIMITED – AKSHAT MAHESHWARI

26. ENTERTAINMENT CITY LIMITED

27. FERROUS TOWNSHIP PRIVATE LTD.

28. FUTURE WORLD GREEN HOMES PVT. LTD.

29. GOLDEN PEACOCK RESIDENCE PVT. LTD

30. HOMESTEAD INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED – RAJAN GOYAL

31. HORIZON BUILDCON PVT. LTD

32. HORIZON CONCEPT PVT. LTD

33. IREO GRACE REALTECH PRIVATE LIMITED

34. JASMINE BUILDMART PRIVATE LIMITED

35. K.S. PROPMART PRIVATE LIMITED

36. KDP BUILDWELL PRIVATE LIMITED

37. KST INFRASTRUCTURES LTD.

38. LANDMARK APARTMENTS PVT. LTD

39. MASCOT HOMES PVT. LTD

40. MIST DIRECT SALES PRIVATE LIMITED

41. MORPHEUS DEVELOPERS PRIVATE LIMITED – PRITHVI RAJ KASANA

42. ORRIS INFRASTRUCTURE PVT. LTD.

43. PARSVNATH DEVELOPERS LTD

44. PARSVNATH LANDMARK DEVELOPERS PVT. LTD

45. PIONEER URBAN LAND AND INFRASTRUCTURE LIMITED

46. PURI CONSTRUCTION PVT. LTD.

47. R.G. RESIDENCY PRIVATE LIMITED

48. RAJESH PROJECTS (INDIA) PVT. LTD

49. RAMPRASTHA PROMOTERS AND DEVELOPERS PVT. LTD

50. RUDRA BUILDWELL INFRA PVT. LIMITED

51. SAHA INFRATECH PVT. LTD

52. SARE GURUGRAM PRIVATE LIMITED

53. SARE SAAMAG REALTY PVT. LTD.

54. SARE SHELTERS PROJECT PRIVATE LIMITED

55. SARVOTTAM REALCON PVT. LTD.

56. SDS INFRACON PVT LTD.

57. SEPSET PROPERTIES PRIVATE LIMITED

58. SHREE VARDHMAN INFRAHEIGHTS PVT. LTD.

59. SHREEPATI BUILD INFRA INVESTMENT LTD

60. SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED

61. SIDHARTHA BUILDHOME PRIVATE LIMITED

62. SJP INFRACON LIMITED

63. SPAZE TOWERS PRIVATE LIMITED

64. THREE C PROJECTS PVT. LTD.

65. THREE C SHELTERS PVT. LTD.

66. TODAY HOME AND INFRASTRUCTURE PRIVATE LIMITED

67. TODAY HOMES NOIDA PRIVATE LIMITED

68. TULSIANI CONSTRUCTIONS AND DEVELOPERS PVT. LTD

69. UNNATI FORTUNE HOLDINGS LTD

70. UPPAL CHADHA HI TECH DEVELOPERS PVT. LTD

71. VARALI PROPERTIES LIMITED

72. WAVE MEGACITY CENTRE PVT. LTD.

73. WAVE MEGACITY CENTRE PVT. LTD.

74. WAVE MEGACITY CENTRE PVT. LTD.

75. WIANXX IMPEX PRIVATE LIMITED

76. ZESTHA PROJECTS PVT. LTD.

Home Buyers are advised to avoid filing cases in NCLT till the final judgment of Hon’ble Supreme Court is pending.