Disbursement describes instalment payments that fund a real estate project and reflect the time value of money. The term disbursement denotes the act of paying out money and the money so paid; in real estate it describes instalment payments by an allottee to a developer to fund a specific project. Disbursed sums are payments made against consideration for the time value of money, indicating funds have transferred to the developer for use in the project and satisfy a financial obligation tied to allotment.
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.
Disbursement describes instalment payments that fund a real estate project and reflect the time value of money.
The term disbursement denotes the act of paying out money and the money so paid; in real estate it describes instalment payments by an allottee to a developer to fund a specific project. Disbursed sums are payments made against consideration for the time value of money, indicating funds have transferred to the developer for use in the project and satisfy a financial obligation tied to allotment.
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