When a group of homebuyers of HDIL builder approached MahaRERA seeking relief. They were informed, they can be granted relief at this juncture. Read to know why?

By Varun Singh

Three homebuyers approached MahaRERA seeking relief against HDIL builder. However, they couldn’t be granted any relief from MahaRERA at this juncture.

Homebuyers Dharmedra Singh, Gaurav Seth and Neeraj Sharma approached MahaRERA.

They all are allottees in the project HDIL Paradise, located at Palghar west.

The homebuyers claimed that, the date of possession was long over, but they hadn’t received possession yet.

Also Read: Home Buyers Of HDIL Projects Wary, Post PMC Bank Scam

The project work was stalled, and incomplete. Some homebuyers sought from MahaRERA that the builder hand them possession at the earliest and pay them interest for delay.

Some homebuyers sought that HDIL refund them the money paid along with interest and compensation.

Advocate representing the respondent informed MahaRERA, that HDIL is under an insolvency resolution process and an insolvency resolution professional has been appointed by the NCLT order dated August 20, 2019.

Therefore these complaints cannot be proceeded until the insolvency resolution process is completed.

Also NCLT has imposed a moratorium against institution or continuation of any suits or proceedings against HDIL till insolvency resolution process is completed.

Also Read: Adani, Sunteck show interest to acquire HDIL

It was further informed that as soon as the Corporate Insolvency Resolution Process gets completed, claims of flat buyers in all the projects of HDIL will be settled in terms of the decision of the CoC, and subject to final approval of NCLT.

Thus view of these points Gautam Chaterjee, Chairman of MahaRERA, disposed off the complaint and said, “No relief under the provision of Real Estate (Regulation and Development) Act 2016 cannot be granted at this juncture.

HDIL builders are in trouble for quite some time. Many of there projects are stuck and the name of the promoters have popped up even in the PMC Bank Scam.

Adv Vinod Singh, a pracitisng advocate in Bombay High Court said, “The homebuyers will now have to wait till the final outcome of NCLT for them to get a final relief. They cannot even approach any other forum or court seeking relief against HDIL.”

Also Read: HDIL’s Wadhawan had gifted Bandra bungalow to trust in 2018

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