Sec. 14(1)(d) of IBC statutorily freezes ‘occupation’ of property handed over under a Joint Development Agreement

20 Mar 2020

Sec. 14(1)(d) of IBC statutorily freezes ‘occupation’ of property handed over under a Joint Development Agreement

 

1) Section 14(1)(d), when it speaks about recovery of property 'occupied', does not refer to rights or interests created in property but only actual physical occupation of property. Thus, section 14(1)(d) will apply to statutorily freeze 'occupation' that may have been handed over under a Joint Development Agreement

[Rajendra K. Bhuta v. Maharashtra Housing and Area Development Authority -Supreme Court of India , 2020 

 
Law Updates