Browsing Tag

Havemore Realty

1 post
In a blow to the original developer, the Bombay High Court has dismissed Sunshine Builders' petition, mandating a ₹125 crore deposit to appeal the DRT's refusal to allow late amendments challenging a 2019 SARFAESI auction. With construction advanced and third-party rights crystallised under Lodha Developers, the court prioritised statutory pre-deposit rules and equities over the builder's claims.

Auction Done, Towers Rising: Court Rejects Builder’s Bid to Bypass ₹125 Crore Deposit

In a blow to the original developer, the Bombay High Court has dismissed Sunshine Builders’ petition, mandating a ₹125 crore deposit to appeal the DRT’s refusal to allow late amendments challenging a 2019 SARFAESI auction. With construction advanced and third-party rights crystallised under Lodha Developers, the court prioritised statutory pre-deposit rules and equities over the builder’s claims.