Bombay High Court Rules New Developer Not Liable For Previous Builder's ₹37 Lakh Debt To Flat Buyers
The Bombay High Court ruled that a developer taking over a stalled redevelopment cannot automatically be made liable for the previous builder's debts. It set aside MahaRERA orders directing H Rishabraj Developers to pay interest on ₹37 lakh owed to a Kandivali couple and quashed bank account attachments. The couple can pursue recovery against the original developer.
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Bombay High Court Rules New Developer Not Liable For Previous Builder's ₹37 Lakh Debt To Flat Buyers
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