The Supreme Court agreed to hear the Supertech homebuyers’ association on Tuesday, with CJI Surya Kant remarking that many homebuyer groups are before the Court, some on behalf of promoters, and that the standard of lawyers engaged says a lot about intentions.
The Supreme Court has upheld the cancellation of a ryotwari patta granted over a Tiruvallur water body, but directed Tamil Nadu to provide an alternative site for flat owners before the 20 flats built on the land are demolished. New Delhi: The Supreme Court has dismissed three appeals by a flat owner and Tamil Nadu […]
A Bengaluru special court has remanded Ozone Urbana Infra Developers managing director Vasudevan Satyamurthy to ED custody till October 14 in a money laundering case in which the agency alleges that about Rs 927.22 crore collected from homebuyers was diverted through group entities. The allegations are untested.
The Supreme Court has held that the NCLT can recall admission of an insolvency petition found to be fraudulent and collusive, but that the CIRP need not end automatically, as it becomes a proceeding in rem after admission. Setting aside the NCLAT’s order, it restored the Three C Shelters CIRP linked to the Greenopolis project for the NCLT to decide whether it should continue.
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.
Today, On 19th March, The Supreme Court intervened in the issue of an abandoned housing project in Greater Noida, seeking a resolution for affected homebuyers. Senior Advocate Ravindra Kumar, representing the Authority, requested a week’s time to submit financial details. The Court’s directive aims to expedite the process and provide relief. This step brings renewed hope for buyers awaiting possession of their homes.