The Bombay High Court has overturned Bank of India’s decision to label Pune Buildtech Pvt Ltd as ‘fraud’ and declared it null and void, along with the inclusion of the realty firm’s name in any list or communication that blacklisted the company from obtaining institutional credit. In a separate ruling, the court also ordered the […]
Bombay High Court Overturns Fraud Declaration against Pune Buildtech by Bank of Indiamore
The Delhi High Court has nullified the lookout circulars (LoCs) issued against Mohit Arora, director of Supertech Realtors, by the Bureau of Immigration. These LoCs were requested by the Bank of Baroda and Union Bank of India. However, the court clarified that its ruling does not address LoCs issued against Arora at the request of […]
Delhi High Court Quashes Lookout Circulars Against Supertech Realtors’ Director.more
NEW DELHI: The Delhi High Court dismissed a PIL seeking an order to demolish alleged illegal and unlicensed building being carried out in the Okhla Industrial area, with costs of Rs 25,000. The court reasoned that the plea was filed without conducting sufficient research. The authority’s attorney informed the high court that the owner of […]
Delhi High Court denies PIL asking for orders to demolish purportedly unlawful building.more
MUMBAI: Raymond Ltd. was ordered by the Maharashtra Real Estate Regulatory Authority (MahaRERA) to withhold only 2% of the entire consideration of an apartment without charging interest. This is because the developer lost the entire sum of approximately Rs 6 lakh that a couple had paid after their reservation was canceled. It referenced a recent […]
Raymond is directed by MahaRERA to deduct 2% of the total amount for the flat upon cancellation.more