Browsing Tag

Court Receiver

2 posts
Builder Asked to Pay ₹7.35 Cr Transit Rent to Chembur Society in Stuck Project

Builder Asked to Pay ₹7.35 Cr Transit Rent to Chembur Society in Stuck Project

A developer who abandoned a Chembur redevelopment project has been directed by…
“The rates mentioned in the Ready Reckoner are basically for the purpose of collection of stamp duty and cannot be the basis for determination of the compensation for the lands acquired under the Land Acquisition Act,” the Bombay High Court reiterated while slamming the SLAO’s flawed approach and upholding enhanced compensation of ₹3.99 crore.

Bombay HC Strips Developer of Mulund Project, Society Wins Back Land

In a landmark February 16, 2026 ruling, Bombay High Court Justice Somasekhar Sundaresan directed defaulting developer Alag Property to hand over Mulund Endeavour CHS redevelopment site, appointing Court Receiver amid ₹9.77 crore dues and 5+ years displacement. A rare win empowering societies against stalled projects.