Arbitral tribunal not barred under section 79 of the RERA Act from passing an order of injunction: Holds Bombay High Court

Merely obtaining ‘Occupancy Certificate’ before Section 3 of RERA came into force would not oust jurisdiction of Regulatory Authority- Observes Punjab & Haryana High Court

The Punjab and Haryana High Court on May 03, 2022 in the matter of M/s Experion Developers Private Limited vs. State of Haryana and others observed that obtaining of an occupancy certificate will not render anyone to be outside the purview of the jurisdiction of the State Real Estate Regulatory Authority. In this matter, M/s Experion Developers […]

Forcible dispossession of private property of a person without following due process of law is violative of both Human & Constitutional Right- Observes Supreme Court

The Supreme Court on April 06, 2022 in the matter of Sukh Dutt Ratra vs State of Himachal Pradesh, observed that forcible dispossession of private property of a person without following due process of law, is violative of both their human right and constitutional right. In the instant case, Sukh Dutt Ratra and Bhagat Ram claimed […]

Logix City developers declared as insolvent and Interim Resolution Professional (“IRP”) appointed – NCLT Delhi

Just few days after the initiation of Corporate Insolvency Resolution Process of Supertech, Jaypee and Mascot Soho, the NCLT, New Delhi on April 1, 2022, declared another Noida based Real Estate Developer Logix city Developers Private Limited (“Logix”) as insolvent vide its order and appointed the Interim Resolution Professional. In the instant case, Colliers International (India) Property Services Pvt. […]

The Ministry of Commerce and Industry through DPIIT brought significant change in the definition of the Real Estate business under the FDI Policy.

The Department for Promotion of Industry and Internal Trade (“DPIIT”) on March 14, 2022, released a Press Note issuing amendment to the definition of the real estate business under the Para 5.1(f) and Note (i) to Para 5.2.10.2 of the Consolidated FDI Policy Circular of 2020 (“FDI Policy”). The amended definition is read as under:‘Real Estate business’ […]

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