[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shubham Pundir staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to share with you which is as under mentioned.
Builders who dupe thousands of homebuyers, or those accused of ponzi schemes to defraud investors, will now face multiple prosecutions in Delhi — based on complaints of individual victims — and can be awarded long, consecutive prison terms.
In a landmark verdict, the Delhi high court ended the current practice of Delhi Police (mostly EOW and crime branch) to lodge a single FIR in case of cheating of a large number of investors/depositors where, for instance, a lone homebuyer is treated as the complainant while other affected persons are shown as witnesses in a criminal case.
In such cases, many people are left in the lurch if the sole complainant withdraws the case or reaches a settlement with the builder/accused.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/builders-to-face-separate-trials-on-victims-complaints-hc/articleshow/70169792.cms
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