India’s real estate regulatory and insolvency landscape is seeing parallel momentum, with faster dispute resolution for homebuyers and progress in one of the sector’s largest debt resolutions. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has significantly accelerated complaint disposal, resolving more cases than it received in 2025, while the National Company Law Tribunal (NCLT) has approved Adani Enterprises’ ₹14,535-crore resolution plan for debt-laden Jaiprakash Associates Ltd under the Insolvency and Bankruptcy Code.

MahaRERA in 2025 resolved 6,045 complaints filed by homebuyers, compared with 5,073 complaints registered during the same year, according to official data. The regulator said it is prioritising the disposal of older pending cases.

On March 16, MahaRERA stated that, during its first seven years, the complaint-disposal rate ranged from 50% to 70%. This has now increased to 127%, while in 2025 alone the disposal rate reached 137%.

“MahaRERA is taking prompt action on new complaints filed by initiating a hearing process within a couple of months of their registration. Every year, around 5,000 complaints are registered. Currently, although the number of pending complaints is around 6,000, except for those filed in the last couple of months, the hearing process for almost all the existing complaints has already begun,” MahaRERA said in a statement.

According to the Maharashtra Real Estate Regulatory Authority (MahaRERA), the regulator was established in May 2017 and maintained a complaint disposal rate of 50% to 70% during its first seven years.

However, in the last two years, the case resolution rate has risen significantly to 127%. During this period, 10,235 complaints were filed, while a total of 13,003 complaints were disposed of, MahaRERA said.

“A homebuyer invests their lifetime savings to purchase a residence. Due to varied reasons, in some housing projects, there may be a delay in handing over possession, substandard construction quality, or missing facilities and amenities assured by the developer not provided, among other issues. In such scenarios, it is MahaRERA’s responsibility to protect homebuyers’ interests. Therefore, complaints registered with MahaRERA should be acknowledged promptly, and appropriate relief should be provided,” the regulator said in a statement, according to a report by The Indian Express.

The National Company Law Tribunal (NCLT) has approved the resolution plan of Adani Enterprises Ltd (AEL) for the bankrupt Jaiprakash Associates Ltd (JAL) under the Insolvency and Bankruptcy Code, 2016.

“We hereby inform you that the NCLT has orally pronounced an order on March 17, 2026 approving the resolution plan dated October 14, 2025 submitted by Adani Enterprises, the successful resolution applicant,” AEL said in an exchange filing.

Adani Enterprises, the flagship firm of the Adani Group, had secured creditor approval for its Rs 14,535 crore bid to acquire the Jaiprakash Associates in November 2025. AEL outbid Vedanta and Dalmia Bharat for Jaiprakash Associates.

The Committee of Creditors (CoC) of JAL, a company undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC approved the Resolution Plan submitted by Adani Enterprises. AEL received a Letter of Intent (LoI) from the Resolution Professional (RP) on November 19, 2025.

“The implementation of the resolution plan is subject to the terms of the LoI and requisite approvals from the NCLT, Allahabad Bench, Prayagraj and/or any other regulatory authority/courts/tribunal under applicable laws,” AEL said.

Adani secured the highest support, receiving 89% of creditors’ votes, ahead of Dalmia Cement (Bharat) and the Vedanta Group. The National Asset Reconstruction Company Ltd, with around 86% of the CoC’s voting share, played a decisive role. Meanwhile, a small group of lenders — including State Bank of India and ICICI Bank — representing less than 3% of the CoC’s voting share, chose to abstain.

The resolution plan, or any part thereof, may be implemented by AEL, its promoters, promoter group and such other persons who are generally identified as being part of the Adani Group (including Adani Power, Adani Infra (India), Adani Ports and Special Economic Zone, Karnavati Aviation and/or Mandhata Build Estate Pvt. Ltd) or through any special purpose vehicle or any entity identified by AEL, in accordance with the terms of the resolution plan, the company said.

“A detailed disclosure shall be made upon the written order being made available as required under the Listing Regulations and other applicable laws,” AEL said.

JAL was admitted to the CIRP in June last year after defaulting on payments of loans aggregating Rs 57,185 crore. It had received bids from Vedanta, Adani Enterprises, Dalmia Cement, Jindal Power and PNC Infratech.

JAL — incorporated in the year 1995 — is in the business of engineering & construction, cement manufacturing, power, fertilizer, real estate development, infrastructure, hotel and hospitality.