Bombay high court rules developer cannot use insolvency law to avoid slum rehabilitation obligations
The Bombay High Court has ruled that developers cannot use insolvency laws to avoid completing slum rehabilitation projects and upheld the SRA's right to replace them. The court dismissed a builder's petition challenging SRA's termination for unpaid transit rent and unfinished work, granting a final opportunity to present a completion plan.
The Bombay High Court has ruled that developers cannot use insolvency laws to avoid completing slum rehabilitation projects and upheld the SRA's right to replace them. The court dismissed a builder's petition challenging SRA's termination for unpaid transit rent and unfinished work, granting a final opportunity to present a completion plan.
