Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
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Insolvency and BankruptcyMarch 29, 2024Case LawsAT
CIRP - Appellant seeks to modify the project completion date from 03.12.2023 to 03.12.2024, as stated in the subsequent certificate issued by the Real Estate Regulatory Authority (RERA) - correction of error in exercise of inherent jurisdiction of this Tribunal - After considering the submissions of both parties, the Tribunal found that the date mentioned in the judgment accurately reflected the information noticed by the Adjudicating Authority in the impugned order. As such, the Tribunal concluded that there was no mistake or slip in its judgment that warranted correction.
CIRP - Appellant seeks to modify the project completion date from 03.12.2023 to 03.12.2024, as stated in the subsequent certificate issued by the Real Estate Regulatory Authority (RERA) - correction of error in exercise of inherent jurisdiction of this Tribunal - After considering the submissions of both parties, the Tribunal found that the date mentioned in the judgment accurately reflected the information noticed by the Adjudicating Authority in the impugned order. As such, the Tribunal concluded that there was no mistake or slip in its judgment that warranted correction.
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