Page 2 - Area Development Act News Today

The Corporate Insolvency Resolution Process (“CIRP”) of a real estate company is fairly divergent from other sectors. The stressed real estate company may have multiple projects that may be at...

The Supreme Court on Monday (February 12) observed that the claim submitted by the Resolution Applicant (“RA”) under the Corporate Insolvency Resolution Process (“CIRP”) cannot be rejected/overlooked...

ZEUS Law Associates, a leading law firm renowned for its expertise in real estate and property law, recently was invited by Blueshift, a distinguished educational platform for professionals, to...

Some of the cases to be heard by the nine-judge bench await resolution since more than two to three decades

On October 12, 2023, the Supreme Court is gearing up for a significant day as a bench presided by CJI DY Chandrachud will be heading for a completion of pre-hearing steps in four longstanding...

LIC Buildings: he new section deals with the redevelopment of cessed buildings that are declared as dangerous by the Municipal Corporation of Greater Mumbai (MCGM).

These notices will be issued under the newly introduced section 79 (A) of the Maharashtra Housing and Area Development Act, 1976. The new section deals with the redevelopment of cessed buildings that are declared as dangerous by the Municipal Corporation of Greater Mumbai (MCGM).

LIC, the landlord of these old, dilapidated buildings, would be given six months for redevelopment, MHADA said

The case is likely to come up for hearing on August 16

A new law for the same will empower the MHADA to take up incomplete projects