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Blogs - Business Advisory Archives - Centrik

CentrikBlogsBusiness Advisory

Category: Business Advisory

UPRERA imposes fine on 14 Promoters over non-compliance of its order

Posted by AdminPosted on February 18, 2021February 19, 20210 CommentsCategories Corporate Litigation-All In Way, Registration And Compliance, RERA ConsultingTags compliance of the order of the authority, Fine on Builder by UPRERA Authority, non-compliance of the order by the promoters, non-compliance of the RERA orders, Orders of the UPRERA Authority, RERA in Uttar Pradesh, UPRERA Authority, UPRERA imposes fine on Promoters

UPRERA has imposed a cumulative penalty of over Rs 1.93 crore to 14 promoters over non-compliance of its orders under Section 63 of the RERA Act.

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Two-third consent of buyers must for changes in building plan: MahaRERA

Posted by AdminPosted on February 16, 2021February 17, 20210 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Legal Advisory, Registration And Compliance, RERA ConsultingTags approval for reconstruction, Changes in Building Plan by the Builder, Changes in sanctioned plan, Consent of Buyers, consent of buyers is must for changes in building plan, Delay Construction by the Developer, MahaRera authority, MahaRERA Complaints, Provision under RERA

The Authority has stopped the builder to make any changes in the sanctioned plan without the approval of the 2/3rd buyer as given under Section 14 of the RERA Act, 2016.

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Registration Number mandatory at the time of Advertisement

Posted by kartikguptaPosted on February 16, 2021February 16, 20210 CommentsCategories Corporate Litigation-All In Way, RERA ConsultingTags Builder-Buyer Transparency, Importance of RERA Registration, Mandatory Registration Number at the time of Advertisement, RERA in Uttar Pradesh, Top RERA Experts in India, Top RERA lawyers in Delhi NCR, Top RERA Lawyers in Lucknow, Transparency between Builder and Buyer, Uttar Pradesh RERA

UP RERA recently passed an order making it mandatory for all the developers to mention the Registration number in the advertisement along with a link to RERA website.

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UPRERA imposed penalty of Rs. 1.6 cr while deregistering two Ansal API projects

Posted by AdminPosted on February 15, 2021February 17, 20210 CommentsCategories Corporate Litigation-All In Way, Registration And Compliance, RERA ConsultingTags Best RERA Experts in Delhi, Deregisteration of the Ansal API Projects, Judgement of the RERA Authority, Non-Possession of the Apartments, Penalty imposed by the UPRERA Authority, Registration of the Projects, Top RERA lawyers in Delhi NCR, UPRERA cancel two projects registerataion of the Ansal API, UPRERA de-registered two projects of Ansal API, UPRERA imposed penalty on Ansal API Projects

Strict action has been taken as two projects of Ansal API has been de-registered by the UPRERA Authority after the promoter could not provide a satisfactory response to the notices sent by the Authority.

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Pandemic fueled delay in possession hit homebuyers hard

Posted by kartikguptaPosted on February 12, 2021February 12, 20210 CommentsCategories RERA ConsultingTags aggrieved homebuyers, complaints filed against the project under Karnataka RERA, Delay in Possession, delay the possession process, Homebuyers against the Builder, Homebuyers against the Developers, Issues faced by the homebuyers, Pendamic Desaster for homebuyers, Problems faced by Homebuyers, Refund with penalty and compensation

Homebuyers were promised possession years ago but till date thousands of them are still waiting to get the possession and have faith in the system to get justice.

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UP-RERA directs ‘Jal’ to complete ‘Jaypee Greens Knight Court’ project with allottees support

Posted by AdminPosted on February 10, 2021February 23, 20210 CommentsCategories Government Advisory, Grievance Redressal, Registration And Compliance, RERA ConsultingTags completion of construction work, Delay Project by the Developer, Delay Projects under UPRERA, delivery of houses to the homebuyers, homebuyers of Jaypee Greens Knight Courts, Instructions of RERA, project with allottees support, Relief for homebuyers under RERA, relief to the homebuyers, RERA in Uttar Pradesh

The decision was taken on the demand made by the homebuyers of Jaypee Greens Knight Courts that the promoter completes the remaining work because a new developer may further delay the project.

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Fake Commercial Transactions will not constitute ‘Financial Debt’ under IBC: SC

Posted by AdminPosted on February 10, 2021February 10, 20210 CommentsCategories Grievance Redressal, Insolvency & Bankruptcy Code 2016, Legal Advisory, Registration And ComplianceTags corporate debtor under IBC, definition of the financial debt under IBC, Fake Commercial Transactions, Financial Creditors, financial debt under IBC, Insolvency and Bankruptcy Code, Insolvency Resolution of a Corporate Debtor, NCLT and IBC, Proviso of the IBC

A perfect decision by the SC where the parties perform activities to avoid any commercial transactions which are collusive in nature or where financial creditor escape the bar under Section 21(2) first proviso of the IBC.

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UP Hon’ble HC Directs DM to Recover Money of RERA Recovery Certificate

Posted by kartikguptaPosted on January 29, 2021February 10, 20210 CommentsCategories Corporate Litigation-All In Way, Registration And Compliance, RERA ConsultingTags execute the recovery process, execution of the orders passed by RERA, Recovery Certificate issued by UPRERA, relief of recovery, RERA Recovery Certificate

Hon’ble High Court once again demonstrated its power to command the concerned authorities to execute the process of law and to grant relief to the innocent.

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RERA Imposes Rs 2.5 Crs penalty on developers for failure to comply the RERA orders

Posted by kartikguptaPosted on January 25, 2021February 1, 20210 CommentsCategories Registration And Compliance, RERA ConsultingTags issues of Homebuyers, penalties against Developers, penalties against promoters, Penalty on Developer, Penalty on Developers by the RERA Authority, protect the interests of home buyers, recovery certificate issued by the District Megistrate, RERA in Uttar Pradesh, RERA India, Top RERA lawyers in Delhi NCR, UPRERA

UPRERA Authority has imposed penalty of Rs 2.5 crore against 11 developers for failing to comply with the authority’s order, which were in favor of homebuyers.

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UP RERA missing the mark in securing Recovery Certificates

Posted by AdminPosted on December 28, 2020December 28, 20200 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, RERA ConsultingTags cases filed in UP RERA, compliance of Recovery certificates by builders, development of incomplete projects, protection of homebuyers in the real estate sector, recovery certificates issued by the authority, RERA in Uttar Pradesh, RERA under IBC, Securing Recovery Certificates

The authority should take proper cognizance and ensure compliance of Recovery Certificates by builders and protect the interest of homebuyers.

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Latest Blogs

  • UPRERA imposes fine on 14 Promoters over non-compliance of its order February 18, 2021
  • Two-third consent of buyers must for changes in building plan: MahaRERA February 16, 2021
  • Registration Number mandatory at the time of Advertisement February 16, 2021
  • UPRERA imposed penalty of Rs. 1.6 cr while deregistering two Ansal API projects February 15, 2021
  • Pandemic fueled delay in possession hit homebuyers hard February 12, 2021

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