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Bombay High Court Rules New Developer Not Liable For Previous Builder's ₹37 Lakh Debt To Flat Buyers

Bombay High Court Rules New Developer Not Liable For Previous Builder's ₹37 Lakh Debt To Flat Buyers
Photo: Free Press Journal · view original

Mumbai: The Bombay High Court has clarified that a developer appointed to complete a stalled redevelopment project cannot automatically be held responsible for the financial liabilities incurred by the previous developer towards flat buyers. The court said that merely taking over a project does n...

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