SUPREME COURT OBSERVES: BURDEN LIES ON THE BORROWER TO PROVE THAT THE SECURED PROPERTIES ARE AGRICULTURAL LANDS
The Supreme Court, comprising Justice M.R. Shah and Justice M.M. Sundaresh in a recent judgment1 held that the burden to prove that the secured properties are agricultural lands and are being used as agricultural lands
Mandatory for Bank to inform all auction participants about encumbrances on Property to be auctioned
In a judgment passed on 30/11/2022 by the Hon’ble High Court of Jammu and Kashmir in Writ Petition (C) No. 456/2021 – S K Bakshi v/s. Punjab National Bank and Ors., it was held that
GOVT. OF MAHARASHTRA EASES THE PROCESS OF CONVERTING AGRICULTURAL LAND FOR NON-AGRICULTURAL PURPOSES:
The process of converting the agricultural land for Non-Agricultural (N.A.) usage which routinely took months and sometimes years and running from pillar to post, has now been made easy with an amendment to Sections 42
RERA CAN ENTERTAIN COMPLAINTS FILED BY HOME BUYERS AGAINST BANKS
The Apex Court of the country reiterated in Union Bank of India vs Rajasthan Real Estate Regulatory Authority & Ors.1 that in case of conflict between the Real Estate (Regulation and Development) Act (“RERA Act”)
MAHARASHTRA STAMP DUTY AMNESTY SCHEME: REGULARISE DEFICIENT STAMP DUTY BY PAYING 10% PENALTY
Maharashtra State Government vide its notification on Stamp Duty Deficit Penalty Reduction Amnesty Scheme, which has been notified on 2nd March 2019, has introduced the amnesty scheme. This scheme is mainly for property holders /
Construction of Repugnant Clauses in a Will
The Hon’ble Supreme Court in a recent judgement in Madhuri Ghosh v. Debobrotto Dutta C.A. No. 10742/2016 held that: when in a will, a testator has bequeathed his absolute interest in the property in favour
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