Orissa high court junks LIC decision to cancel flat allotments in Bhubaneswar, allows it to collect 10ditional cost from allottees
The Orissa High Court has overturned LIC's cancellation of flat allotments under its housing scheme in Bhubaneswar, directing the corporation to complete the process within eight weeks. This decision came after petitioners challenged LIC's switch to a public auction model, citing legal hurdles. The court balanced the interests by ordering allotments with an additional 10% payment from the original allottees.
The Orissa High Court has overturned LIC's cancellation of flat allotments under its housing scheme in Bhubaneswar, directing the corporation to complete the process within eight weeks. This decision came after petitioners challenged LIC's switch to a public auction model, citing legal hurdles. The court balanced the interests by ordering allotments with an additional 10% payment from the original allottees.
