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TOP COURT: RWAS CAN'T INTERVENE IN DEVELOPER INSOLVENCY CASES
Hindustan Times Noida
|January 16, 2026
A society or resident welfare association (RWA) has no legal right to intervene at the stage where a financial creditor seeks to trigger insolvency proceedings against a real estate developer for defaulting on its loan obligations, the Supreme Court ruled on Thursday.
A bench of justices JB Pardiwala and R Mahadevan court held that since such bodies are neither lenders themselves nor statutorily recognised representatives of homebuyers under the insolvency law, they are not entitl
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