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flag Raheja Developers faces insolvency over delays in Gurugram's Shilas project, after 40 flat buyers filed a complaint.

flag Raheja Developers, an Indian real estate company, faces insolvency proceedings over delays in its Shilas project in Gurugram. flag Over 40 flat buyers filed a complaint, leading the National Company Law Tribunal (NCLT) to initiate Corporate Insolvency Resolution Process (CIRP). flag Raheja argued delays were due to force majeure, but NCLT rejected this, citing routine challenges. flag The NCLAT will hear Raheja's appeal.

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