pune the maharashtra real estate regulatory authority maharera has decided to rule on lavasa investors cases only after the case in front of the national company law tribunal nclt is resolvedon august 30 the nclt had admitted a plea filed by creditors who had initiated the corporate insolvency resolution process against lavasa corporation limited under the insolvency and bankruptcy code 2016 ibcwe issued an order on august 29 in favour of the investors directing lavasa to return the principle amount with 1065 interest within 30 days this order will have to be executed however the remaining orders will have to wait till we get an order from nclt a maharera official said this means 15 investors who had filed cases against lavasa with maharera are stuck till a final decision is reached they are confused as to how if the company will execute the earlier orders if it is declared insolvent there is no way that the earlier orders will be executed as the company will delay matters one investor said a maharera official told toi that as per section 14 1 of ibc the adjudicating authority will declare a moratorium on the matter no orders can be passed till the final order is issued the investors will have to wait till then the official added legally the adjudicating authority in this case the nclncltshall by order declare moratorium for prohibiting the institution of suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgment decree or order in any court of law tribunal arbitration panel or other authority siclavasa corporation limited is jointly held by hindustan construction company limited 687 avantha group 1718 venkateshwara hatcheries 781 and vithal maniar 629