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GURUGRAM: The district town planner (enforcement) has directed the sub-registrar, Manesar, to halt real estate transactions related to Raheja Developers’ commercial project in Sector 84 after it emerged that the project’s license had expired on May 16, 2019.The permit, granted for a commercial colony of 2.3 hectares, was not renewed within the stipulated period, according […]
The principal bench of the National Company Law Appellate Tribunal (NCLAT), Delhi, has restrained Raheja Developers from creating third party rights by selling units or land. “It is clarified that now that the insolvency has commenced, we have no doubt that the management of the corporate debtor will not create any third party rights over […]
