Legal
Housing Development & Infrastructure Ltd has been asked by the High Court to consider handing over possession of ready flats at its Premier Residency project at Kurla in Mumbai. The Bombay high Court suggested that the lawyers representing the developer and home buyers should try for an out of-court settlement. Aejaz Saiyed, who has bought [...] Continue Reading »
The CLB advised the respondents, in an interim order on April 9, to refrain from selling or creating any third party interest in the property. The respondents include M Shivaram, Chairman and Managing Director of Aruna Hotels; Kartick Shivaram, Executive Director; and the Directors S Kalyanam, CL Ravichandran, and Kamal Babbar. The 1.2 acre property [...] Continue Reading »
The RBI may issue orders to scrap penalty on pre-payment of all retail and small corporate loans. The central bank disputes the practice of charging pre-payment penalty on any loan since the entire system has moved to floating rates — be it deposits or loans — where rates are charged based on the prevailing markets, [...] Continue Reading »
The Central Bureau of Investigation (CBI) has now moved the Bombay high court for the same relief, Two months after the sessions court threw out its plea to drop charges against former Maharashtra CM Ashok Chavan in the Adarsh housing society scam. There was not much evidence against Chavan though initially while seeking sanction it [...] Continue Reading »
The HC of Karnataka guided the Bruhat Bangalore Mahanagara Palike to file a report on the steps taken to clear the huge backlog. While the hearing of petition by Malleswaram Residents’ Welfare Association on rampant violation of building byelaws in the City, a bench of D H Waghela and Justice B V Nagarathna directed the Palike to take proper steps [...] Continue Reading »
Mr. Jairam Ramesh, Rural Development Minister, says that the Supreme Court judgment upholding the retrospective clause of the new Land Acquisition Act has defines rules for the implementation of a significant clause in the law. He further says that the recent judgment was since last 5 years. He also added that the award was passed [...] Continue Reading »
Starting July 1, 2014 getting environmental and forest clearances for large infrastructure projects could just be a click away with the government announcing launch of a portal, for such clearances. In recent years delay in green clearances has been one of the major concerns for industry. “On the website one will have to upload all [...] Continue Reading »
Acceptance for land and building across states are not consistent. Additionally in some places they are contradictory and differ in order of importance. Recent study of Planning Commission has been used by the sources to observe the differences and how they affect investors. Key regulatory framework that bears the greatest significance is the time taken [...] Continue Reading »
A notice has been issued to the Centre seeking its answer on a PIL seeking CBI probe into alleged encroachment and exploitation of defence land across the country, by the Supreme Court on Monday. A committee headed by Chief Justice P Sathasivam decided to hear the petition as per which mismanagement of defence lands leading [...] Continue Reading »
The Delhi High Court had ordered Archaeological Survey of India (ASI) to seal and demolish the unauthorized construction. The HC bench of Justice Manmohan pointed out that they are taking serious note of this issue. He also said that there should not be further unauthorized construction when the order of sealing and destroying has been [...] Continue Reading »
