The Supreme Court ruled that homebuyers can approach consumer forums for compensation over delayed possession even after taking flat possession. The Court set aside the NCDRC order and held that arbitration clauses cannot prevent buyers from seeking remedies against real estate developers for deficient services.
The Calcutta High Court ruled that the Kolkata Municipal Corporation cannot impose retrospective property tax, revaluation, or municipal dues on auction purchasers in liquidation proceedings. Treating property tax as operational debt under Section 5(21), the Court enforced Section 53.
