Bombay High Court dismisses corporates plea to form condominium at business park in Mumbai s Lower Parel
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Bombay High Court dismisses corporates plea to form condominium at business park in Mumbai s Lower ParelBy
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Synopsis
Cipla, HDFC Bank, Tata Capital had purchased their offices in Peninsula Business Park from Peninsula Land in and around 2012. Peninsula executed a Deed of Declaration dated 9th August 2016 to form a PBP Condominium for all units sold in Peninsula Park under the provisions of Maharashtra Apartment Ownership Act (MAO Act).
The Bombay High Court has dismissed a joint petition filed by Cipla,
HDFC Bank, Tata Capital that had challenged formation of co-operative society of the unitholders of Peninsula Business Park in Lower Parel business district of Mumbai.