Is Resolution Professional to be considered a ‘Promoter’ for the purposes of the provisions of Section 43(5) of RERA? | Can an exemption be granted from making a pre-deposit u/s 43(5) of RERA in the case of a Corporate Debtor under insolvency? – Umang Realtech Pvt. Ltd. Vs. Mrs Daphne Reita Rajan Sharma and Anr. – Delhi High Court

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In this case, the issues are:
(i) Is it required to make a pre-deposit under Section 43(5) of RERA even if the Promoter/Corporate Debtor is undergoing corporate insolvency?
(ii) Is Resolution Professional to be considered as a ‘Promoter’ for the purposes of the appeal and the application of provisions of Section 43(5) of the RERA?
(iii) Can security of flat be offered instead of pre-deposit requirement under Section 43(5) of RERA?

Is Resolution Professional to be considered a ‘Promoter’ for the purposes of the provisions of Section 43(5) of RERA? | Can an exemption be granted from making a pre-deposit u/s 43(5) of RERA in the case of a Corporate Debtor under insolvency? – Umang Realtech Pvt. Ltd. Vs. Mrs Daphne Reita Rajan Sharma and Anr. – Delhi High Court Read Post »