The Tamil Nadu Real Estate Appellate Tribunal bench, comprising of Justice M. Duraiswamy and R. Padmanabhan, has held that if the sale agreement stipulates that the promoter will earn interest on the corpus fund, then the promoter is liable to pay interest on the corpus fund, regardless of whether they actually earned any interest from it. The appellant filed an …
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 …
The Kerala High Court recently came down heavily on certain online media channels for broadcasting private moments of a woman and said it is disheartening to note that some online news channels "are in the habit of publishing sleaze more than news. The Kerala High Court recently came down heavily on certain online media channels for broadcasting private moments of …
Highlighting the issued faced by various homebuyers in the country, the Delhi High Court on Tuesday said that it is an "unfortunate trend" that builders often resort to dilatory tactics, defraud homebuyers by selling units to multiple individuals, delay the execution of projects, and execute projects without requisite sanctions. The court made the observations while dismissing an appeal filed by …
