Consumer Protection Bill- 2018
The consumer protection bill, 2018 has been drafted keeping all these changes that require action in this global age of commerce.
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Critical Analysis of RERA
The act was introduced to curb the mal-practices and the abuses caused to the customer. The act intends to protect the interests of the consumers and regulate the real estate sector.
Abuse of dominant position by banks in Real Estate Projects
It is just a matter of time that the detailed information with thorough research about the specific loan market and details of methods used by the Banks to exploit the allottees and regarding abuse or malpractices of the Banks to be reported to the commission.
RERA in Jammu and Kashmir
The Jammu and Kashmir government has decided to set up the Real Estate Regulatory Authority in Jammu and Kashmir to promote regulated and planned growth of the real estate sector.
NCLT Rejects Merger Scheme on Grounds of Public Interest
The National Company Law Tribunal (NCLT) recently rejected a proposed merger between two companies, citing significant concerns over public interest. This decision underscores the NCLT’s critical role in balancing corporate ambitions with broader societal and economic implications, ensuring that business decisions do not undermine the interests of the public.
ANTI-COMPETITIVE AGREEMENTS IN INDIA: LEGAL FRAMEWORK AND IMPLICATIONS
Anti-competitive agreements are a significant area of concern under Indian competition law, governed by the Competition Act, of 2002. These agreements, which have the potential to harm the competitive process and consumer welfare, are strictly regulated by the Competition Commission of India (CCI).
Consumer Forums of RERA- Which is the best Forum for Homebuyers to file a case?
Legal experts say that aggrieved home buyers file a case in RERA first and then approach the RERA Appellate Tribunal and then the high court and then ultimately the Supreme Court if their dispute is not solved.
Power of RERA Authority to Impose Penalties on Builders
If the promoter fails to follow RERA’s orders, they will have to pay a penalty. This amount could be up to 5% of the evaluated cost of the property. If the Appellate Tribunal’s orders are not complied with, a penalty will have to be paid.
Unveiling The Dark Side of Subvention Scheme
Subvention schemes, brings to light incidents of harassment, and analyses how fraud continues to exist in the market despite regulatory interventions such as the NHB decision to end subvention schemes.
How to choose between RERA and NCDRC?
The Hon’ble Supreme Court’s decision is a watershed moment for homebuyers and allottees. A number of findings in the current judgment support this conclusion, including parallel remedies under RERA and the Consumer Protection Act.
Contradictions between The RERA and IBC
The IBC recognizes homebuyers under financial creditors to protect their rights even when a creditor, other than a homebuyer, invokes insolvency proceedings against the builder.
Relief for Homebuyers- Jammu & Kashmir RERA Notifies RERA Rules
RERA in J&K will secure the interest of home buyers as well as put an end to the malpractices by the agents or builders improvising the condition of the real estate sector.
Recognition of Home Buyers as Financial Creditors under IBC
Home buyers are vital stakeholders in building projects. Many home buyers book their property in advance which helps builders raise funds for construction and development of the project.
RERA: Is refund the only solution for the aggrieved homebuyers?
The RERA authorities of the Various State are not granting refund looking into the wider interest of the Real Estate Sector.
“All projects to come under RERA eventually”- Minister Housing and Urban Affairs
Implementation of RERA is to secure justice for the homebuyers; that now all authorities are coming to full functionality in states all projects should be covered under the Act.
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