Appoint Permanent RERA and Appellate Tribunal Within Three Months, SC Tells 'Recalcitrant' States/UTs [Read Judgment]
Live LawThe Supreme Court has directed the States/Union Territories to appoint permanent adjudicating officers as Real Estate Regulatory Authority and Appellate Tribunal within a period of three months.The court issued this direction in its judgment upholding the amendments made to the Insolvency and Bankruptcy Code in 2018 to treat homebuyers as financial creditors. The Supreme Court has directed the States/Union Territories to appoint permanent adjudicating officers as Real Estate Regulatory Authority and Appellate Tribunal within a period of three months. The bench comprising Justice Rohinton Fali Nariman, Justice Sanjiv Khanna and Justice Surya Kant, noticed that there are some 'recalcitrant' States and Union Territories which are yet to establish/appoint adjudicating officers, the Real Estate Regulatory Authority, as well as the Appellate Tribunal as under the RERA. In this context, the bench said: "We direct that in those States in which the needful has not been done, in that, only interim or no adjudicating officer/Real Estate Regulatory Authority and/or Appellate Tribunal have been appointed/established, such States/Union Territories are directed to appoint permanent adjudicating officers, a Real Estate Regulatory Authority and Appellate Tribunal within a period of three months from the date of this judgment."