Penalty charges meant to deter defaulting developer cannot be foisted on Successful Resolution Applicant; SC Shields Homebuyers from NOIDA’s Time Extension Penalty The Supreme Court has ruled that time extension charges under a NOIDA lease deed, levied as a percentage of lease premium to penalise the defaulting developer, cannot be treated as CIRP costs when … Continue reading Insolvency Bulletin, Key Judicial Developments (September 2026)