Category: Legal Article

IOB will e-auction more than 500 properties spread across different cities.

October 17, 2019

More than 500 properties worth over Rs 800 crore located in Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad will be sold through digital auction by the public sector bank India Overseas Bank (IOB). On 21 October 2019 and 30 October 2019, the mega e-auction will take place. For the e-auction, the public sector bank has associated with […]

IOB will e-auction more than 500 properties spread across different cities.more

UIDAI approach to link property with Aadhaar number to prevent black money, Delhi HC seeks clarification.

October 16, 2019

On October 15, the Delhi High Court sought the Unique Identification Authority of India (UIDAI) response on the demand to link movable and immovable property documents with the Aadhaar number to prevent corruption, black money and benami transactions. UIDAI, which issues a 12-digit unique identification number called Adhaar, received a notice from a bench of […]

UIDAI approach to link property with Aadhaar number to prevent black money, Delhi HC seeks clarification.more

Bombay High Court prohibits Canara Bank from acquiring Worli Bungalow.

October 9, 2019

The Bombay High Court has restricted the Canara Bank from taking over the Bungalow in Worli area, Mumbai, from one of its borrowers and the Guarantor of a loan under the SARFAESI Act, 2002. The bungalow, which has been mortgaged to use a credit line, extends over almost one-third of an acre and is priced […]

Bombay High Court prohibits Canara Bank from acquiring Worli Bungalow.more

Almost 421 realtors were under the bankruptcy court, doubled then the last year.

Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]

Almost 421 realtors were under the bankruptcy court, doubled then the last year.more

Three must-have Legal Documents while buying a property.

October 8, 2019

In order to avoid any risk while buying a property, an individual must know about the legal documents which are as mentioned: 1) Commencement Certificate (CC) 2) Completion Certificate (CC) and 3) Occupancy Certificate (OC). You must have come across these terms but let’s see about all this documents role and importance. i) Commencement Certificate […]

Three must-have Legal Documents while buying a property.more

Recently Law is amended, regarding the implications of Shifting base year from 1981 to 2001, for computation of capital gains : By Adv. Vimal Punmiya

October 28, 2017

By Adv. Vimal Punmiya: Recently Law is amended, regarding the implications of Shifting base year from 1981 to 2001, for computation of capital gains. In this connection, it may be stated that the relevant provisions of sections 55 and 48 of the Income-Tax Act, 1961 (the Act) have been amended by the Finance […]

Recently Law is amended, regarding the implications of Shifting base year from 1981 to 2001, for computation of capital gains : By Adv. Vimal Punmiyamore