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NCLT has failed to resolve stalled real estate projects; cash transactions are a major concern: Manohar Lal

Update / Judgement Date

31 Aug 2025

Source

MSN

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy CodeRERA & Property Act

Manohar Lal, an NCLT official, has stated that the "NCLT has failed to resolve stalled real estate projects" and that "cash transactions are a major concern." The move is a significant step towards a more user-friendly and less intrusive tax environment, is aimed at simplifying the tax structure and reducing the tax burden on essential goods. The move is expected to have a significant impact on various sectors.