[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.|
NEW DELHI: The apex consumer commission, NCDRC, has ordered that homebuyers in Jaypee Infratech can approach consumer forums against its parent Jaiprakash Associates Ltd (JAL) to seek compensation and possession. The court dismissed JAL’s argument that it is only acting as an agent of JIL for marketing, construction and sale of flats and plots.
While pronouncing the order, single-member bench of V K Jain, however, said that the buyers cannot approach the consumer forums against JIL at this stage when the insolvency proceedings against it was underway.
Read more at:
Kamagroup Pvt. Ltd.
Have a nice day.