Home buyers who had invested in housing projects by JIL, were permitted by the Interim Resolution Professional (IRP) to submit their claims as ‘other creditors’, subordinate to financial and operational creditors of JIL.
Category: Business Advisory
Mere filing of application for OC and CC doesn’t exempt project for RERA Registration
A judgement passed by the HRERA, Gurugram Authority, wherein it has been clarified that mere filing of application for OC and CC does not exclude the project for registration under RERA.
Haryana government cancelled the license of 15 Builders
The Town and Planning Commission of Haryana has cancelled the license of 15 projects and took over them, the takeover involves all aspects of the projects including security deposit.
Supreme Court to the rescue of Amrapali and Unitech Homebuyers
An order passed by the supreme court in favour of the aggrieved home buyers who have been waiting to get justice against named builders of the country which is the AMRAPALI Group and UNITECH.
RERA complaint against the unregistered projects in Maharashtra
The conclusion has been drawn by the RERA authorities of different states that complaint having nexus with unregistered complaint will fall under the jurisdiction of RERA.
Karnataka RERA Authority yet to Implement Format of Agreement for Sale
The Karnataka state government is yet to come out with format to agreement for sale (AOs) as specified under section 84 of the act.
RERA freezes bank accounts of the developer for non-registration of the project
Bihar RERA froze the bank account of Patna based developers for giving the misleading replies to the show cause notices which was issued by the RERA Authority to inquire about the non-registration of the project.
Big decision by Hon’ble Supreme Court on Amrapali Group
Supreme Court to Amrapali Group- Court will sell the company’s or firm’s assets along with personal assets of its Managing Director/Directors in order to make the payment to the innocent buyers.
UPRERA: RERA Bench in Greater NOIDA
UPRERA Authority is now setting up Greater Noida bench which would be functional soon in few days.
Gujarat RERA: Transfer of common areas to the association of allottees
Since the implementation there has been some confusion about the registration of conveyance deed in favour of the allottee along with the undivided proportionate title in the common areas to the association of allottees.
RERA would be applicable on lease agreements: MahaRERA
RERA act was implemented with the purpose of redressing the grievance of the aggrieved home-buyers and it seems like it is serving the purpose very well.
GUJRERA: Gujarat RERA Authority fined one builder for advertising the project without having RERA registration
In Gujarat, Promoters of Jaldeep Kasa advertised a project on 24/03/2018 in one of the leading newspaper for sale of their project and in this regard a suo-moto complaint filed against the builder
MahaRERA: What if Cancellation of Booking was done before the implementation of RERA?
MAHARERA decided that complaint is not maintainable as the Complainant has cancelled the booking in March 2016 RERA Act, 2016 came into force.
HRERA: RERA will have a watch on the delayed project of Greenpolis
The HRERA Authority, Gurgaon has become operational in the month of March 2018 but having said that, it has now started giving some landmark decisions.
join For Updates