Posts

Karnataka High Court on Sharing of Common Amenities between Adjacent Real Estate Projects under RERA

Image
– RERA Appeal No. 74 of 2025 Citation: Shailesh B. Charati & Anr. v. M/s Arya Gruha Private Limited & Ors. , RERA Appeal No. 74 of 2025, High Court of Karnataka at Bengaluru, decided on 9 July 2026 (Coram: Jayant Banerji, J. and Tara Vitasta Ganju, J.). Facts The appellants were allottees (flat owners) of an apartment in the project “Arya Hamsa”, constructed on Survey No. 28/1, Kothnur Village, Uttarahalli Hobli, Bangalore South Taluk. The project received BBMP approval and occupancy certificate in 2015, prior to the commencement of the Real Estate (Regulation and Development) Act, 2016 (“RERA Act”). Respondent No. 1 (developer) thereafter developed an adjacent project, “Arya Hamsa Grande”, on Survey No. 28/2. This was an ongoing project at the time of the RERA Act’s commencement and was registered with the Karnataka Real Estate Regulatory Authority (K-RERA) under Registration No. PRM/KA/RERA/1251/310/PR/171015/000479. Occupancy certificate for Arya Hamsa Grande was obtain...
Post a Comment
Read more

SEBI REIT Regulations Amendment 2026 - Broadening Investment Instruments by REITs

  I. Background & Statutory Authority On April 16, 2026, the Securities and Exchange Board of India (SEBI) notified the  Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2026  — published in the Gazette of India Extraordinary (Part III, Section 4), bearing No. 276. The amendment exercises powers conferred under  Section 30, read with Sections 11 and 12  of the Securities and Exchange Board of India Act, 1992 (15 of 1992). II. The Amendments: Regulation-by-Regulation Analysis The 2026 amendment touches  two regulations  — Regulation 2 (Definitions) and Regulation 18 (Investment Conditions) — both relating to the same substantive concept: the permissible credit quality of instruments held by or invested in by a REIT. Amendment I — Regulation 2, Sub-regulation (1), Clause (ta): Definition of Permissible Investments Sub-clause Pre-Amendment Position Post-Amend...
Post a Comment
Read more

New Chapter on CIRP-CI : Creditor Initiated - As per the IBC Amendment Bill, 2025

Image
Insolvency and Bankruptcy Code (Amendment) Bill, 2025   Subject:   Clause 40 — New Chapter IV-A: Creditor-Initiated Insolvency Resolution Process (Sections 58A to 58K) — Analysis of Proposed Sections and Cross-Reference Verification Reference:   Bill No. 107 of 2025 (as introduced in Lok Sabha) Introduced by:   Smt. Nirmala Sitharaman, Minister of Finance and Corporate Affairs, 12th August, 2025     I.   Overview and Legislative Context Clause 40 of the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 ("Bill") omits the existing Chapter IV of Part II of the principal Act (Fast Track Corporate Insolvency Resolution Process, comprising sections 55 to 58) and substitutes in its place an entirely new Chapter IV-A titled "Creditor-Initiated Insolvency Resolution Process" ("CIRP-CI"). This is achieved by inserting eleven new sections - sections 58A through 58K - into Part II of the Insolvency and Bankruptcy Code, 2016 ("IBC...
Post a Comment
Read more