Tag Archives: real

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

‘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

Posted in Consumer Law, Contract Law, General Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

No similarity b/t PERNOD RICARD and domestic spirit maker labels: DHC

The Delhi High Court ruled that there is no similarity between the labels of world renowned French wines & spirit maker PERNOD RICARD and domestic Real Group of Companies; and thus vacated the stay granted by single judge of the … Continue reading

Posted in Intellectual Property Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Salient features of Real Estate (Regulation and Development) Bill, 2013

The Real Estate (Regulation and Development) Bill, 2013, introduced in the Parliament provides for a speedy and specialized adjudication mechanism to settle disputes between the promoter, buyer and real estate agents, thereby de-clogging the civil courts and consumer forums, from … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Guidelines suggested to address/State govts. in regard to unauthorized occupants: SC

The Supreme Court of India suggested the below guidelines to address the grievances of the Centre and the State governments in regard to the unauthorized occupants: – (i) As a precautionary measure, a notice should be sent to the allottee/officer/employee … Continue reading

Posted in General Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Real Estate Watchdog on cards in India

Indian Govt is trying to establish a Real Estate Watchdog in the form of Real Estate Regulatory Authority. In order to ensure that the real estate promoters undertaking housing projects utilize the funds collected for a particular project, for the … Continue reading

Posted in Notifications/Publications/Circulars, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment