Category Archives: Real Estate

NRIs have right to possess property in Punjab/Chandigarh: SC

Upholding the constitutional validity of Section 13-B of the East Punjab Urban Rent Restriction Act, 1949 (“Act”), the Supreme Court of India clarified that non-resident Indians (“NRI”) have the right to recover immediate possession of residential or non-residential buildings in … Continue reading

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Homebuyers are Financial Creditors under Insolvency Code: SC

The Supreme Court of India recently upheld the amendments made to the Insolvency and Bankruptcy Code in 2018 (“Code”) to treat homebuyers as financial creditors. The Court said that the original provisions concerning Financial Creditors under the Code always subsumed … Continue reading

Posted in Arbitration Conciliation Law, Banking Law, Consumer Law, Contract Law, General Law, Insolvency & Bankruptcy Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Part sale consideration or stamp duty can’t be sole criteria to hold transaction as benami: SC

The Supreme Court of India recently reiterated that the payment of part sale consideration or stamp duty by another person cannot be the sole criteria to hold the sale transaction as benami. After a review of plethora of case law, … Continue reading

Posted in Banking Law, Company Law, Consumer Law, Contract Law, Evidence Law, Family Law, General Law, Real Estate, Registration & Stamp Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Suit can be filed in a court pertaining to properties situated in jurisdiction of other courts: SC

The Supreme Court of India clarified that for a suit filed in a court pertaining to properties situated in jurisdiction of more than two courts, the suit is maintainable only when suit is filed on one cause of action. The … Continue reading

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‘Readiness’, ‘Willingness’ important factors for grant of specific performance: SC

In a recent decision, the Supreme Court of India reiterated that ‘readiness’ and ‘willingness’ are the most important factors for considering the grant of specific performance of the contract. “The issue of readiness and willingness, in our view, is the … Continue reading

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Builders may limit their liability for breach of contract: SC

The Supreme Court of India recently clarified that builders can limit their liability for breach of contract if they can portray that they have performed their obligation in a prudent manner even though it is well established that contractual damages … Continue reading

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Union Budget 2017 highlights: Govt.

Indian government presented the General Budget 2017-18 in Parliament here today. This is the first of its kind which included the Railway Budget. This year’s Union Budget also does not have Plan and Non-plan classifications and has been advanced by a … Continue reading

Posted in Administrative Law, Banking Law, Company Law, Constitution Law, Consumer Law, customs law, Employment Law, Excise Law, FDI, General Law, Income Tax Law, International Law, Labor Law, Notifications/Publications/Circulars, Real Estate, Sales Tax, Securities Law, Service Tax, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment