The Supreme Court of India intervened to aid homebuyers affected by Unitech Ltd.’s financial troubles and project delays. The court granted an exemption from RERA registration for Unitech’s housing projects, facilitating stalled loan disbursements and appointing government oversight to address ongoing issues, ensuring faster project completion and accountability for past mismanagement.
Homeowners from Chennai, represented by Iyarappan B, are urging Chief Justice Sanjiv Khanna to address delays in Unitech’s unfinished projects affecting 13,000 families. After the Supreme Court’s involvement since 2018, construction has stalled, causing significant mental and financial distress. The association seeks urgent action to expedite proceedings and restore public confidence.
A Delhi court has set aside a prior ruling that dismissed a cheating case against Gautam Gambhir, instructing the Enforcement Directorate (ED) to investigate potential money laundering activities. The court found the previous discharge order inadequate, highlighting Gambhir’s financial dealings related to a real estate project and the need for further scrutiny.
Today (3rd April): The Supreme Court issued a contempt notice to NCDRC members for defying a stay order and issuing Non-Bailable Warrants to a real estate firm. Despite their apology, the Court found their actions to be a mockery of the court and an act of absolute impunity. The seriousness of the situation was emphasized due to the potential impact on individuals’ life and liberty.
Between July 2023 and January 2024, Indian homebuyers are seeking relief from unexpected Tax Deducted at Source (TDS) shortfall notices. A group of 60 buyers has filed a writ petition in the Delhi High Court, addressing the issue of sellers with inactive PANs not linked to Aadhaar. The TDS portal update has not resolved their uncertainties.
