Kher Nagar Sukhsadan Co-operative Housing Society Ltd. (the Petitioner) filed a writ petition in the High Court of Judicature at Bombay seeking directions for the State of Maharashtra and MHADA to grant permissions and approvals for the redevelopment of their building. The Petitioner's building was declared unfit for habitation and categorized as 'C-1'. The Petitioner had entered into a Development Agreement (DA) with AA Estates Private Limited for redevelopment, but AA Estates failed to complete the work within the stipulated time. The Petitioner terminated the agreement with AA Estates, which was subsequently admitted into the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) appointed for AA Estates issued letters to the authorities
…Kher Nagar Sukhsadan Co-operative Housing Society Ltd. owned a building on land leased by MHADA. On 2005-10-16, the Petitioner entered into a Development Agreement (DA) with AA Estates Private Limited for redevelopment, granting redevelopment rights. AA Estates was to complete the work within 24 months, but failed to take any steps for seven years, only obtaining a No Objection Certificate (NOC) from MHADA by 2012-01-05. On 2014-04-09, the Petitioner executed a Supplemental Development Agreement with AA Estates. AA Estates obtained an IOD on 2014-09-04. The BMC issued notices under Section 353(b), 354, and 354A of the Mumbai Municipal Corporation Act, 1888, declaring the building in the C-1 category. 19 out of 60 members vacated their premises due to the dilapidated
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Kher Nagar Sukhsadan Co-operative Housing Society Ltd. (the Petitioner) filed a writ petition in the High Court of Judicature at Bombay seeking directions for the State of Maharashtra and MHADA to grant permissions and approvals for the redevelopment of their building. The Petitioner's building was declared unfit for habitation and categorized as 'C-1'. The Petitioner had entered into a Development Agreement (DA) with AA Estates Private Limited for redevelopment, but AA Estates failed to complete the work within the stipulated time. The Petitioner terminated the agreement with AA Estates, which was subsequently admitted into the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) appointed for AA Estates issued letters to the authorities
…Kher Nagar Sukhsadan Co-operative Housing Society Ltd. owned a building on land leased by MHADA. On 2005-10-16, the Petitioner entered into a Development Agreement (DA) with AA Estates Private Limited for redevelopment, granting redevelopment rights. AA Estates was to complete the work within 24 months, but failed to take any steps for seven years, only obtaining a No Objection Certificate (NOC) from MHADA by 2012-01-05. On 2014-04-09, the Petitioner executed a Supplemental Development Agreement with AA Estates. AA Estates obtained an IOD on 2014-09-04. The BMC issued notices under Section 353(b), 354, and 354A of the Mumbai Municipal Corporation Act, 1888, declaring the building in the C-1 category. 19 out of 60 members vacated their premises due to the dilapidated
…MHADA leased the plot…
The Petitioner entered…
Sign in to view related legal provisions.