KGK Realty (India) Private Limited and Dhoot Infrastructure Projects Limited has implemented their approved Resolution Plan for Sare Gurugram Private Limited.
Litigation financing startup LegalPay has made its second successful exit in less than a year of providing interim finance to real estate firm Sare Gurugram ..
Flat buyers in the Sare Homes project in Gurugram staged a protest against the developer for failing to communicate about an ongoing legal process. The buyers, who have paid almost 95% of the cost of their property, allege that they have been denied their homes due to lack of communication, resulting in their inability to file their claims. A consortium recently acquired the developer under the Insolvency and Bankruptcy Code and agreed to complete the construction, but only accepted claims from 1,200 buyers out of a total of 1,699.