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 2023The 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...
