https://www.taxtmi.com/caselaws?id=432443 Homebuyers who had paid the full sale consideration were held entitled to NOC and execution of sale deeds despite the project mortgage and escrow arrangements in favour of HUDCO. The record showed that project receipts were to pass through the escrow mechanism and that HUDCO had a charge over the assets, but HUDCO had earlier issued NOCs for similarly situated units after receipt of proportionate or full consideration. The authorities found that the homebuyers were not responsible for the escrow operation and were entitled to the same treatment as earlier purchasers, so balancing equities justified the directions permitting conveyance. en-us Wed, 04 Jan 2023 00:00:00 +0530 Fri, 06 Jan 2023 09:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432443 Homebuyers who had paid the full sale consideration were held entitled to NOC and execution of sale deeds despite the project mortgage and escrow arrangements in favour of HUDCO. The record showed that project receipts were to pass through the escrow mechanism and that HUDCO had a charge over the assets, but HUDCO had earlier issued NOCs for similarly situated units after receipt of proportionate or full consideration. The authorities found that the homebuyers were not responsible for the escrow operation and were entitled to the same treatment as earlier purchasers, so balancing equities justified the directions permitting conveyance. Case-Laws Insolvency and Bankruptcy Wed, 04 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432443