https://www.taxtmi.com/caselaws?id=459598 An assignee of a real estate project who steps into the shoes of the erstwhile promoter is treated as a promoter under the Real Estate (Regulation and Development) Act, 2016 and must independently discharge pending project and allotment obligations. The assignment deed, including the purchasers named in its annexure, bound the assignee to the earlier liabilities, and the absence of a commencement certificate for unfinished work did not defeat that responsibility. A later unilateral termination of the assignment could not extinguish accrued rights, and the finding that interest was payable for delay in handing over possession was supported by the record. en-us Tue, 17 Sep 2019 00:00:00 +0530 Thu, 19 Dec 2024 18:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459598 An assignee of a real estate project who steps into the shoes of the erstwhile promoter is treated as a promoter under the Real Estate (Regulation and Development) Act, 2016 and must independently discharge pending project and allotment obligations. The assignment deed, including the purchasers named in its annexure, bound the assignee to the earlier liabilities, and the absence of a commencement certificate for unfinished work did not defeat that responsibility. A later unilateral termination of the assignment could not extinguish accrued rights, and the finding that interest was payable for delay in handing over possession was supported by the record. Case-Laws Indian Laws Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459598