Tag Archives: buyer

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

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Promoter/Buyer can terminate real estate agreement; Agreement for Sales Rules notified: Govt.

Union Government has notified the Real Estate (Regulation & Development) Agreement for Sale Rules, 2016 applicable to the Union Territories of Andaman & Nicobar Islands, Dadra and Nagar Haveli, Daman & Diu, Lakshadweep and Chandigarh. Agreement for Sale Rules notified by … Continue reading

Posted in Consumer Law, Contract Law, General Law, International Law, Notifications/Publications/Circulars, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Measures to curb ‘Inversions’ announced: US Treasury

United States Department of Treasury and Internal Revenue Service has announced measures to curb ‘Inversions’ by US corporations. https://goo.gl/hsGD0P

Posted in Banking Law, Company Law, Contract Law, FDI, General Law, Income Tax Law, International Law, Notifications/Publications/Circulars, Securities Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

DLF Appeal: CAT remands case back to CCI for specifying the extent and manner the Buyers’ Agreement be modified

In DLF’s abuse of dominant position appeal, the Competition Appellate Tribunal held that the Competition Commission of India should pass an order under Section 27(d) Competition Act specifying the extent and manner in which the terms and conditions of Apartment … Continue reading

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