Promoter Liability Archives

Case Briefs Tribunals/Commissions/Regulatory Bodies

Builder Received Home Loan Amount, Defaulted on Repayment, Yet SBI Proceeded Against Homebuyers: Rajasthan RERA Steps In and Restrains Coercive Recovery

The authority restrained the respondents from carrying on or continuing any action detrimental to the complainants’ interests in respect of the 2 flats and directed SBI not to take any coercive action against the complainants for recovery of the amount.

Refund with interest and additional compensation under RERA

Case Briefs Tribunals/Commissions/Regulatory Bodies

Builder Delayed Delivery of Possession by 4-5 Years and Blamed COVID. Rajasthan RERA Says That Doesn’t Fly; Awards Additional Compensation on Top of Refund with Interest

The Authority noted that the complainant had suffered mental and physical agony, besides losing the opportunity to own a house, particularly in view of the increase in property prices.

Case Briefs Supreme Court

Promoter Liability and Deemed Sanction under RERA | SC upholds Allahabad HC Ruling declaring L&T as sole promoter

“Insofar as the interpretation of Section 2(zk) and Section 5(2) of the Real Estate (Regulation and Development) Act, 2016. made by the High Court in the impugned Judgment is concerned; it is a matter on which we do not express any opinion, and it is left open in an appropriate case to be considered afresh.”