Vashisth Builders and Engineers Ltd. and Vashisth Estates Ltd. (in Consortium) Successful Resolution Applicant (SRA) Vs. Jalesh Kumar Grover and Anr. – NCLAT New Delhi
Hon’ble NCLAT held that when Resolution Applicant is not claiming any equity or any benefit by carrying the said construction and homebuyers have decided and approved the said pre-construction activities, we see no reason not to take the said on the record and permit the pre-construction activities to go on which is for the benefit of homebuyers who are waiting for the last seven years for work to begun. It goes without saying that under the aforesaid activities the Resolution Applicant is not entitled to any construction or to cause any damage to the structure already standing.