Auto-published by Growwh – a smarter way to scale content and marketing. Want to know more? Chat with us.
TL;DR: UP-RERA says 129 projects admitted to CIRP — buyers must file claims with appointed IRPs using IBBI/NCLT forms. RERA jurisdiction is suspended during the moratorium; monitor IRP updates.
UP-RERA advisory: what homebuyers must know
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued an advisory for homebuyers after 129 real estate projects were admitted into the Corporate Insolvency Resolution Process (CIRP). When a project enters CIRP, a moratorium under section 14 of the Insolvency and Bankruptcy Code (IBC) comes into effect. During this moratorium all regulatory, recovery and enforcement proceedings — including UP-RERA actions — are suspended until the CIRP concludes.
Why you must file claims with the Insolvency Resolution Professional (IRP)
If your project is among those admitted to CIRP, UP-RERA has asked affected buyers to submit their dues and grievances directly to the appointed Insolvency Resolution Professionals (IRPs). The IRP is responsible for collecting claims, convening the Committee of Creditors (CoC) and steering the resolution or liquidation process before the National Company Law Tribunal (NCLT). UP-RERA cannot accept or adjudicate complaints for projects under CIRP while the moratorium remains in place.
Immediate steps every affected buyer should take
- Identify the IRP and official claim form — Use the IBBI/NCLT prescribed claim forms such as Form CA (or any other applicable format). Filing in the correct format ensures your claim is recorded in the CIRP ledger.
- File your claim promptly — Submit the completed claim form and proof of payments, allotment letters, agreements and any correspondence to the IRP’s official address or email as notified in CIRP communications.
- Maintain documentation — Keep copies of all receipts, bank transfers, builder communications and RERA allotment/registration records. These documents are critical evidence for claim validation.
- Monitor CoC updates — Regularly check for CoC meeting notices and status updates published by the IRP or NCLT. Official announcements from the IRP are the authoritative source while CIRP is active.
Practical tips and alternatives
While the CIRP proceeds, UP-RERA’s jurisdiction is paused for the listed projects. Buyers should rely only on official IRP or NCLT communications and avoid pursuing parallel RERA petitions that will be held in abeyance. If you are exploring alternate properties or reinvesting, consider verified listings and updated inventory; for example, you can Browse all PropTrust property listings to see available options and compare projects.
Special note for NRIs and buyers seeking legal clarity
Non-resident Indians (NRIs) and other buyers with cross-border concerns should obtain specialist advice on document authentication, power of attorney and repatriation rules. A useful primer on those topics can be found in Legal due diligence for NRI property buyers in India, which explains key checks before filing claims or entering new transactions.
Where to get answers and next steps
If you need quick answers about regulatory procedure, claim formats or timelines, consult authoritative FAQs and guidance. The PropTrust FAQs on real estate and regulatory topics offers clear explanations on common issues buyers face during insolvency and RERA-related pauses. Ultimately, timely filing with the IRP and preserving all documentary evidence are the best ways to protect your interest while CIRP runs its course.
Bottom line: For projects admitted to CIRP, UP-RERA’s powers are suspended. File your claim via the IRP using the prescribed IBBI/NCLT forms, stay in touch with the IRP for updates, and consult trusted resources for legal or procedural questions.
This article was auto-generated as part of a smart content campaign powered by Growwh.com. Curious how we do it? Chat with us to learn more about our content automation systems.
