The department of town and country planning on Thursday issued a long-awaited clarification regarding the charging of maintenance fees from allottees of affordable housing projects in the state. There are around 150 affordable housing projects in Gurugram and the allottees have been paying the maintenance fees at the rate of ₹3 psf to ₹4 psf due to lack of clarification …
The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Shri Barun Mitra, has held that a petition under Section 7 of IBC, filed by allottees for joint CIRP of separate corporate entities involved in a common real estate project is maintainable. The NCLAT while upholding the maintainability of such Section 7 petition, has observed as …
