Real Estate Project Archives

Case Briefs Tribunals/Commissions/Regulatory Bodies

Forensic Audit of Project Accounts Permissible During CIRP; Rajasthan RERA Holds Section 14 IBC No Bar to Regulatory Inquiry

With expenditure claimed at 75—77% of project cost against actual physical progress of only 48.13%, the Authority ordered a limited forensic audit of the Avalon Royal Park project, distinguishing the RERA audit from IBC insolvency audit provisions and holding that the two frameworks can operate harmoniously without conflict.

Case Briefs High Courts

‘Land does not fall under Aravalli Hills’; Punjab and Haryana HC disposes suo motu PIL regarding DLF’s tree felling in Phase 5 Gurugram

“Since none of the khasra numbers in regard to which DLF has been granted permission to fell trees, fall within the Aravalli Hills area, this Court does not deem it appropriate to proceed in the matter especially when DLF was granted permission to fell trees vide different orders after following due process of law.”

Case Briefs High Courts

Punjab and Haryana HC takes suo motu cognizance of alleged felling of 2000 trees by DLF in Gurugram’s Aravallis for real estate project

According to the news report, residents and environmental activists have launched protests and official petitions against the alleged tree felling citing destruction of the Aravallis in DLF Phase 5.

Case Briefs Tribunals/Commissions/Regulatory Bodies

Completion Certificate issued prior to commencement of The Real Estate (Regulation and Development) Act, 2016: Will buyer’s case be maintainable? Read on

Odisha Real Estate Regulatory Authority, Bhubaneswar: Siddhanta Das, Chairperson, Pradeep Kumar Biswal, Member – I and Ramanath Panda, Member – II held

Op Eds OP. ED.

Deconstructing the threshold requirements for homebuyers under IBC

by Mitali Ingawale† & Sumit Kulkarni††