Recently, vide its order, Hon’ble Assam Real Estate Appellate Tribunal at Guwahati has held that since the Appellant did not obtain an occupancy certificate on the date of commencement of the Real E...
The Rajasthan High Court in a landmark judgment in the case of Union Bank of India, Jaipur vs. Rajasthan Real Estate Regulatory Authority & Ors. & 69 other connected writ petitions has held that a bank initiating recovery proceedings against the promoters will be amenable to the jurisdiction of Real Estate Regulatory Authority. INDUSLAW's Avikshit Moral and Preeti Dhar examine this judgement and its implications on financial institutions in India.
