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Legal

High Court Orders BDA to Ensure Realtors Relinquish Dedicated Areas as Per Approved Plans

High Court Orders BDA to Ensure Realtors Relinquish Dedicated Areas as Per Approved Plans
When realtors create residential developments, they are to abide by a set of rules that determine how much of land is to be set aside for parks, roads and civic amenities and what is to be done with such dedicated area once the development is completed. There is often a conflict of interest between the [...] Continue Reading »

NRI investors sue ICICI Venture over losses on Investments

NRI investors sue ICICI Venture over losses on Investments
In a first of its kind legal defamation against private equity firms, a group of non resident Indians have come together to sue ICICI ventures seeking damages for losses on their investments. A total of 69 non residents Indians have issued a joint statement accusing Dynamic India Fund III run by ICICI Venture of misleading [...] Continue Reading »

Judicial Probe into Vadra Land Deals Likely

Judicial Probe into Vadra Land Deals Likely
The newly elected and sworn in Haryana state government has made it clear that it is likely to order a probe into all the past land deals involving Robert Vadra, the son-in-law of congress president Sonia Gandhi. The announcement comes just a day after the new Haryana government was sworn in after it won an [...] Continue Reading »

Rs 5 lakhs fine levied on builder for poor services

Rs 5 lakhs fine levied on builder for poor services
A note of caution for all builders who have been providing deficient services to their customer; a Thane based builder has been fined Rs 5 lakh by a consumer forum for the deficient services offered to a housing society located there. The complaint was filed by the Tania Kadamb Co-operative Housing Society Ltd. Located in [...] Continue Reading »

Nalini Chidambaram questioned by CBI regarding Saradha issue

Nalini Chidambaram questioned by CBI regarding Saradha issue
Nalini Chidamabaram, wife of former Finance Minister P Chidambaram, has been examined by CBI in connection with the alleged multi-crore Saradha chit fund scam. CBI examined Nalini, a Supreme Court lawyer, yesterday evening in Chennai in connection with the legal fee paid to her by the Saradha group, official sources said here. The sources said [...] Continue Reading »

DLF faced charges for having harassed a businessman

DLF faced charges for having harassed a businessman
Abeyant construction, delayed possession, hollow promises and helpless buyers. These seem to have become a common trait in the real estate industry in the city. The case involving DLF portrays the helplessness of a buyer, who endured excruciating wait for getting a business space despite depositing over Rs 85 lakh and finally had his grievance [...] Continue Reading »

SFIO submits its final investigation report on Saradha scam

SFIO submits its final investigation report on Saradha scam
The final investigation report pertaining to the Saradha scam has been submitted to the Government’s Corporate Affairs Ministry by the Serious Fraud Investigation Office (SFIO). The submission of the report comes after the SFIO’s year-long investigation into the scam, in which thousands of crores of rupees were swindled from lakhs of investors in West Bengal, [...] Continue Reading »

DDA to allow property conversion via general power of attorney, registered agreement

DDA to allow property conversion via general power of attorney, registered agreement
In a recent statement, the Delhi Development Authority (DDA) has revealed that it has reached a decision with regard to allowing the conversion of property – from leasehold to freehold – through general power of attorney and registered agreement to sell. The move announced by DDA is noteworthy because an earlier ruling by the Supreme [...] Continue Reading »

CK Shah moved to court against Gaekwad Family

CK Shah moved to court against Gaekwad Family
In less than a year of amicably resolving the property dispute within family members, the Royal Gaekwad Family of Baroda is once again faced with legal battle over some of its property. Vadodara-based realtor CK Shah has moved the Gujarat High Court against Sangramsinh Gaekwad and family, the heir of erstwhile king of Baroda, for [...] Continue Reading »

Reliance withdraws it challenge against Allahabad Court

Reliance withdraws it challenge against Allahabad Court
Looking into the acute shortage of domestic natural gas in the country, Anil Ambani’s Reliance Power on Monday told the Supreme Court that it was willing to surrender around 1,000 acres of land acquired by the Uttar Pradesh government for its now-abandoned 7,480 MW gas-based Dadri power project in Ghaziabad district of the state. Thus, [...] Continue Reading »



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