Development Agreement Archives

Failure to take meaningful steps towards obligations under Development Agreement can’t be protected by S. 14 IBC: Supreme Court

Invocation of insolvency proceedings or the moratorium under the Insolvency and Bankruptcy Code, 2016 cannot become a legal device to indefinitely stall redevelopment. The IBC was never intended to be used as a shield for non-performance at the cost of human rehabilitation.

Case Briefs Tribunals/Commissions/Regulatory Bodies

If change of promoter is left to wisdom of society, it will create chaos and uncontrollable situation leaving fate of flat purchasers in doldrum: Maharashtra Real Estate Appellate Tribunal

Maharashtra Real Estate Appellate Tribunal, Mumbai: The Coram of Indira Jain J., (Chairperson) and Dr K. Shivaji, Member (A), expressed that, if

Case Briefs High Courts

Bom HC | Can a development agreement signed between Chairman of Society and one of the Managing Committee members be binding upon non-signatory? Court discusses while ordering redevelopment of building

Bombay High Court: G.S. Patel, J., in its opening remarks, expressed with respect to the present matter that: This is the usual

Case Briefs Supreme Court

Contract between Delhi Development Authority and Kenneth Builders held to be frustrated by unanticipated change in status of project land

Supreme Court: While dealing with the question that whether the development agreement between the DDA and the developer Kenneth Builders was frustrated