Tag: Homebuyers

Allottee who are part of Monthly Assured Return Plan agreement under a real estate project, cannot be considered a distinct class

Allottee who are part of Monthly Assured Return Plan agreement under a real estate project, cannot be considered a distinct class

Saturday July 20, 2024. BY Samuel Abraham and Soham Gadgil | Insolvency & Bankruptcy

In the case of Rita Malhotra and Anr. Vs Orris Infrastructure Pvt. Ltd., the National Company Appellate Tribunal vide order dated 02.07.2024 held that the appellants do not cease to be an “allottee” merely because