NOIDA: Around 2,700 homebuyers, of whom less than 1,100 have received their flats, are scrambling to file their claims after the National Company Law Tribunal (NCLT) initiated insolvency proceedings against of Logix Blossom Zest, allowing a plea by operational creditor Colliers International (India) Property Services.
Blossom Zest in Sector 143 was launched in 2011. The project has 3,400 flats (2,718 are sold) in 14 towers, of which nine towers are incomplete. Homebuyers who have got possession have not been able to get their apartment registered because of the developer’s dues to the Noida Authority.
