IBC is economic legislation and that when it comes to economic legislation, flexibility should be given to the legislature because no economic law can be fool proof at its inception.
Category: Grievance Redressal
Right Legal Remedy for Aggrieved Homebuyers
We always talk about problems that we face. Let’s talk about the remedy this time. A good legal team will help you in getting justice on time with an effective remedy. Finding the right legal remedy for your dispute is all what you seek during this chaos.
UP-RERA directs ‘Jal’ to complete ‘Jaypee Greens Knight Court’ project with allottees support
The decision was taken on the demand made by the homebuyers of Jaypee Greens Knight Courts that the promoter completes the remaining work because a new developer may further delay the project.
Fake Commercial Transactions will not constitute ‘Financial Debt’ under IBC: SC
A perfect decision by the SC where the parties perform activities to avoid any commercial transactions which are collusive in nature or where financial creditor escape the bar under Section 21(2) first proviso of the IBC.
Banks cannot auction defaulting projects without allottees’ consent- HARERA
HARERA has barred the auction of a loan-defaulting project by bank to recover damages without prior adjustment of allottees’ dues.
PETITION BEFORE NCLT CAN BE ADMITTED EVEN IF A LIQUIDATOR HAS BEEN APPOINTED BY THE HIGH COURT
Petition before NCLT can be admitted even if official liquidator has been appointed by the High Court (Held By NCLT and Hon’ble Supreme Court)
Why Filing of Claim is Necessary under IBC
Filing Claim under IBC- It becomes very important to understand why every creditor should file their claims?
Compliance of Recovery Certificate (RC) issued by RERA in Uttar Pradesh
An allottee can write a representation addressed to the DM explaining his grievance and praying for the compliance of the RC issued by the RERA within a specified period of time.
REVERSE INSOLVENCY – GOOD FOR ALL (HOMEBUYERS & BUILDER)
Reverse Insolvency Under IBC laws, seems best solution for struck real estate projects and Reverse Insolvency concept is kind good for both homebuyer and builder
In first of its kind, RERA Handovers the Project to Residents
1st of kind order from Hon’ble RERA, which is unique and real justice in real estate history. In the said case, the uncompleted project was handed over to the association to construct it through the pooling of money
Homebuyers approach HC against change in RERA Authority jurisdiction in Refund Cases
Homebuyer filed appeal before P & H High court against order Haryana RERA Tribunal which held that RERA authority does’t power to grant refund under RERA.
Brief of Supreme Court’s Verdict on Amrapali Mess
A brief of verdict given by the Supreme Court on July 23, that the Amrapali Group has violated the doctrine of public trust by permitting diversion of funds of homebuyers.
What to do if the RERA order is not being complied with
RERA Authority order is not being complied with by the party or if we are precise, the builder is not paying the amount ordered by authority.
Revised RERA Regulation by Gurugram RERA for project Registration
The Gurugram RERA has prescribed the revised RERA regulations for RERA project RERA registration in Gurugram, We have briefed the revised the requirement.
Do you know where your Aadhaar has been used? This is how you can find out.
Since Aadhaar is used to take advantage of many services for authentication, there is always concern about misuse of it. Will let you know.