The Rosseau Group Inc. Rosseau was a real estate developer. Rosseau entered into an agreement of purchase and sale with 2528061 Ontario Inc. to buy land for development purposes. Once the land had been rezoned and subdivided, Rosseau planned to sell the serviced lots. At trial, it was estimated that Rosseau would make a profit of around C$10 million to C$12 million dollars from the sale of the serviced lots. The vendor failed to close, and the land had gone up in value since the agreement of purchase and sale was signed.
The Supreme Court recently set aside the decree passed in a civil suit for specific performance filed in 1999 for the enforcement of an agreement to sell executed in 1986.A bench of Justice Rajesh.
Steel Authority of India’s daily trend is bearish to sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 85 and 90. Let’s plan a trade around this.
If the builder has failed to hand over possession of the flat to the buyer within the stipulated time period as mentioned under the agreement for sale, then the buyer is entitled to relief under the provisions of the Real Estate (Regulation and Development) Act of 2016
The Supreme Court held that even if a plea of adverse possession is taken by the possession holder, the same must be examined keeping in view the case set up by the plaintiff.