The Authorised Representative for Granite Gate Properties Private Limited v. New Okhla Industrial Development Authority & Ors
2026 INSC 9525 September 202615 min read
The Authorised Representative for Granite Gate Properties Private Limited vs New Okhla Industrial Development Authority & Ors
Supreme Court directs NOIDA to waive time extension penalty charges, holding homebuyers cannot be penalized for developer's past defaults under CIRP.
Case Snapshot
- Case Name
- The Authorised Representative for Granite Gate Properties Private Limited v. New Okhla Industrial Development Authority & Ors.
- Citation
- 2026 INSC 952
- Bench
- Justice J.B. Pardiwala and Justice K. Vinod Chandran
- Date of Judgment
- September 3, 2026
- Area of Law
- Insolvency and Bankruptcy Code, Real Estate, CIRP Costs, Development Authority Penalty Charges
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