@nsitharaman@HardeepSPuri@Anurag_Office@Secretary_MoHUA New Delhi bench of NCLT is posting matters sine-die,thereby delaying the disposal of cases of homebuyers. As per SC stay on provisio 3 of amendment 7 of IBC,it should proceed with cases without compliance of provision.
I couldn’t have put it better @abhaykol@FightForRERAInd . The lobby is trying their best for this amendment & unfortunately the ministry is considering it without any deliberation with the #CheatedHomeBuyers . This law is an effective answer to the #realestate issues
CCI finds JAL to be in violation of Section 4(2)(a)(i) of the ACT and imposed a penalty of Rs. 13.82 crore which for imposing onesided clause for homebuyers of Jaypee Besides, a cease and desist order has also been issued to JAL. #JUSTIN@FCCI_Trust
Congratulation! All Homebuyers. Today's Judgement by Apex Court has proved tht we can hav high hopes frm Judiciary despite all big names appearing for #Builders. Special Thanks to @A_Parolia 4 his hard work. Great news also for RERA. Sharing extract. @msshankar1961@abhaykol
(2) SC :5(8)(f) a residuary provision and only clarificatory i. nature
Directed Govt. to make all appointments in RERA within 3 months
Also asked UOI for manning up NCLT &NCLAT
Stay on all the proceedings in NCLT and NCLAT until all application are taken up individually by them
SC : 5(8)(f) does not infringe Art 14 & 19(1)(g)
Rera is not in derogation of any act
in case of conflict between Rera & IBC, IBC prevails
Homebuyers can avail any of the remedy i.e. Consumer Act , IBC or RERA @Realty_Et@suchetadalal@Moneylifers@FightForRERAInd@abhaykol
Even percentage wise 30% is less than satisfactory while absolute figure of 1174 resolved cases is very insignificant. With around 700 expired projects, Still @OfficeRera has long distance to cover. @CMofKarnataka@rerakarnataka@rajeev_mp@msshankar1961
https://t.co/71t7t7Xk2x
Wht were our investigating agencies doing? Is this the job of SC to unearthed such illegal fund diversion? @narendramodi@PMOIndia@nsitharaman This is complete failure of agencies under influence or otherwise and action shud b initiated agnst all those who failed to perform duty