Browsing Tag

borrower rights

2 posts
The Bombay High Court has set aside the registration of a developer-backed co-operative housing society in a Baramati project, ruling that authorities acted illegally by bypassing a pending purchaser-led application under MOFA and creating a fait accompli.

Bombay High Court Shocks Lenders: Loan Arbitration Award Worth ₹1 Cr Thrown Out at Recovery Stage

In a major relief for borrowers, the Bombay High Court has ruled that loan recovery awards passed by arbitrators unilaterally appointed by lenders are void and unenforceable—even if never challenged earlier.
In a landmark decision, the Bombay High Court has affirmed that once you buy land, get it registered, and take possession after due permissions, no authority can revoke the deal years later over unrelated old agreements – a huge boost for property buyers in Maharashtra.

If You’re a Loan Guarantor, Your Property Can Be Attached and Auctioned — Even If You Move Court, Rules Bombay High Court

The Bombay High Court has ruled that cooperative societies can legally attach and auction a guarantor’s property for unpaid loans — even if the guarantor files a civil case. The judgment clarifies that civil courts have no jurisdiction once recovery begins under the MCS Act.