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 Supreme Court of India has affirmed the recent judgment of Rajasthan High Court passed in December 2021 which held that a bank initiating recovery proceedings against promoters will be amenable to the jurisdiction of Real Estate Regulatory Authority (“RERA”). The Supreme Court has further clarified that actions against secured creditors before the RERA shall be applicable in cases where proceedings are initiated by homer buyers to protect their rights. INDUSLAW's Avikshit Moral and Preeti Dhar provide their insight on the judgement.
