Realtors can’t use force majeure clause for lack of approvals, financial woes: Maharashtra RERA

The ruling also assumes significance as this is the only order passed by the authority against Lavasa before the NCLT admitted a plea filed by its creditors, who had initiated the corporate insolvency resolution process under the Insolvency and Bankruptcy Code 2016 (IBC).

from Industry-Economic Times https://ift.tt/2x1qvvk