Search Results for "Interest on Delayed Possession"

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Search Results for "Interest on Delayed Possession"

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High Court

Bombay High Court Dismisses Builder's Appeal in RERA Interest Case for Delayed Possession. Builder directed to pay interest at SBI MCLR plus 2% from 1 January 2018 till possession for delay in handing over flats in slum rehabilitation project.

14 Mar 2024

The case involves a Second Appeal filed by Era Realtors Private Limited (Appellant) against the judgment of the Maharashtra Real Estate Appellate Trib...

High Court

Bombay High Court Partially Allows Promoter's Appeal in RERA Interest Dispute — Interest on Delayed Possession to Run from 1 July 2016, Not 1 January 2020, But COVID Period Excluded from Interest Liability. The court held that the promoter is liable to pay interest from the date of default as per the agreement, but the COVID-19 pandemic period is excluded from interest liability.

23 Jan 2024

The case involves two appeals filed by M/s. Pragatej Builders And Developers Pvt. Ltd. (the promoter) against a common judgment and order dated 7 Febr...

High Court

Bombay High Court Considered Promoter's Second Appeals Against Maharashtra Real Estate Appellate Tribunal Orders on Interest Compensation and Dismissal Under RERA Pre-Deposit. The Court examined whether delays attributed to no objection certificates and occupation certificates can be blamed on the promoter, whether allottees' approval of possession date extension waives interest, and whether interest can be retrospective under Section 4(2)(c) read with Rule 4 of the Real Estate (Regulation and Development) Act, 2016.

10 Jul 2023

The matter concerned multiple second appeals filed by M/s Man Global Ltd. Mumbai, a real estate promoter, before the High Court of Judicature at Bomba...

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