Rera: The list of defaulters includes Bengaluru-based Mantri Developers Pvt Ltd, Sahiti Infratec Ventures Pvt Ltd from the city, that is already under the Enforcement Directorate s (ED) scanner for alleged diversion of funds, and Sai Surya Developers Pvt Ltd, also from Hyderabad.
The newly-appointed UP RERA chief, in his first media interview, told Moneycontrol that a decision on delinking the registration of flats with builders’ dues to the development authorities is expected within a month.
In order to avoid multiplicity of proceedings and contradictory judgments on the same issue between the same parties, the doctrine of "estoppel by election of remedy" has to be applied, held NCDRC.