Part-Payment of Consideration cannot be considered Earnest Money: MREAT

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Facts: Issues: Decision: Analysis: Conclusion: The Appellate Tribunal’s decision in this case is a welcome step towards protecting the interests of homebuyers and ensuring fairness

August 21, 2024 No Comments

Industry News

Monthly Assured Return (MAR) Agreements Holders are Allottees and Bound by the Threshold: NCLAT

The appeal revolves around a financial dispute and insolvency proceedings involving the appellants, Rita Malhotra and Bina Chopra, and the respondent, Orris Infrastructure Pvt. Ltd.

Part-Payment of Consideration cannot be considered Earnest Money: MREAT

Article & Insight

Tag: allottees

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