Tag: Real Estate
Supreme Court Holds Homebuyers Who Secure Decree under RERA Are Not Different from Other Financial Creditors Under IBC
In a notable judgment[1], the Hon’ble Supreme Court (“SC”) held that homebuyers cannot be treated differently from other ‘financial creditors’ under the Insolvency and Bankruptcy Code, 2016 (IBC) merely on the ground of securing favorable
IBBI Proposes Measures to Smoothen IBC Process for Real Estate Projects
In what appears to be a huge relief for homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) in its Discussion Paper titled ‘Real-Estate Related Proposals- CIRP & Liquidation’ has proposed five measures to smoothen
Bombay High Court Gives Nod to Tenants to Redevelop Demolished Building Themselves
The High Court of Bombay (“HC”) in a recent judgment[i] permitted the tenants to reconstruct their demolished premises u/s 499(6) of the Mumbai Municipal Corporation Act (“MMC Act”). It further directed to recover costs from
COMPLETION DATE AGREED BY THE PARTIES IN AGREEMENT FOR SALE IS ‘SACROSANCT’ –MAHARERA
In recent order dated 13th January 20231, Hon’ble MahaRERA reiterated and ruled that the completion date agreed by the parties mentioned while entering into the Agreement for Sale is sacrosanct. The said order was delivered
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