Monitoring of BLUT clarifies additional Bond cum Legal Undertaking required only for increased scale or shortfall, not routine requests. Clarification directs that the Bond cum Legal Undertaking (BLUT) must not be debited or credited and must be monitored quarterly or annually via progress reports; any shortfall identified requires furnishing a fresh or additional BLUT. Additional BLUT is required only when the unit's or developer's scale of operations increases beyond the level covered by the original BLUT and should not be sought routinely if operations remain at the initially envisaged scale.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Monitoring of BLUT clarifies additional Bond cum Legal Undertaking required only for increased scale or shortfall, not routine requests.
Clarification directs that the Bond cum Legal Undertaking (BLUT) must not be debited or credited and must be monitored quarterly or annually via progress reports; any shortfall identified requires furnishing a fresh or additional BLUT. Additional BLUT is required only when the unit's or developer's scale of operations increases beyond the level covered by the original BLUT and should not be sought routinely if operations remain at the initially envisaged scale.
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