Real-estate firms on October 18 got a rap on their knuckles from the Supreme Court for making tall claims to purchasers which remained unfulfilled due to inordinate delay in completing the housing projects.
“In this country, builders have developed an attitude to make committments to the purchasers and not fulfill them by delaying the projects,” a bench headed by Justice Dipak Misra said.
The apex court’s observation came after real estate firm Parsvnath Buildwell Pvt Ltd said it will give flats to 70 home buyers, who are before the court, by December 17.
“They (home buyers) do not have patience and trust in you and need refund. Money should go back to them and they should not suffer,” the bench also comprising Justices Amitava Roy and A M Khanwilkar said.
The bench, also pulled up the realty firm for seeking time to deposit additional Rs 10 crore, asking “why do you get into all this business when you can’t pay back the money You have to give back the money to home buyers.”
Senior advocate Subramanian Prasad, appearing for the firm, said that as directed by the court, the company has deposited Rs 12 crore with the Supreme Court registry. The bench asked Supreme Court registry to disburse Rs 12 crore to the 70 home buyers on pro-rata basis after proper identification.
Brazil’s Supreme Court President Ricardo Lewandowski had held consultations with senators and was ready to schedule the special session for the vote on 11 a.m. local time (14:00 GMT), the Globo news portal reported on Tuesday.
The portal added that if 54 senators voted for the impeachment, Rousseff would be removed from office, otherwise the impeachment would be terminated and she would resume the presidency. In May, the upper house of the Brazilian parliament voted 55-22 to start impeachment proceedings against Rousseff after she was accused of concealing the country’s budget deficit ahead of the 2014 election. Rousseff regards the impeachment proceedings as an illegal coup attempt. Rousseff has been suspended from office for 180 days. Vice President Michel Temer has being fulfilling the functions of the presidency during that period.
The Supreme Court on Saturday extended the stay on registration of diesel vehicles above 2000 cc capacity in the Delhi-NCR region until further orders. The court was hearing various petitions related to its earlier rulings on controlling the problem of pollution in the city.
The court also slammed the government for not being serious about the issue of pollution, ANI reported.
Additionally, the court refused to extend the deadline for the conversion of private diesel taxis into CNG. Only CNG taxis will be allowed to ply on Delhi roads from May 1. Cabs with all-India permits are exempt from the order though.
A number of cab operators and their associations urged the court for an extension of the deadline, but a bench comprising Chief Justice T.S. Thakur, Justice A.K. Sikri and Justice R. Banumati refused the request. The apex court had initially asked the diesel cab operators in the NCR to switch over to CNG by March 1. That deadline was later extended to March 31 and then to April 30.
The Supreme Court Tuesday asked the government to “reform” the banking system to prevent huge write-offs of bad loans and also to ensure people are not allowed to run away after default in repaying the loans.
A bench led by Chief Justice T S Thakur said that a “sensible and sensitive” approach is required to overhaul the entire system, which today has scores of people and entities with outstanding to the tunes of crore of rupees. Referring to The Indian Express report in which the RBI, responding to a RTI application, had said Rs 1.14 lakh crore was written-off by public sector banks (PSBs) in the last three years, the bench remarked: “This newspaper has been asking for the information on its own…you today have lakh of crore as outstanding…people have run away. You have to reform the system.”
The bench added: “Don’t say your system is perfect because had that been the case you, you would not have such huge outstanding and write-offs … something is certainly missing in the system … something is not working and so you must reform it.”
In February, this newspaper has reported that Rs 1.14 lakh had been written-off by PSBs in last three years, following which the Supreme Court had taken a suo motu cognizance of the report. It had questioned the RBI whether the write-offs were a “big fraud” and also sought explanations from the Union finance ministry and an association of PSBs as parties to the case.
The National Democratic Alliance government on Monday told the Supreme Court that according to the Ministry of Culture, India should not stake a claim to the famed Kohinoor diamond as ‘it was neither stolen nor forcibly taken away’.
Solicitor General Ranjit Kumar, appearing for the government, said this was the stand of the Culture Ministry.
“Ministry of External Affairs is also a party and their response is yet to come,” he informed the court.
He also told the apex court that the Kohinoor diamond was handed over by Maharaja Ranjit Singh to the East India Company.
Chief Justice T S Thakur asked the Centre if it wants the case to be dismissed as they would face a problem in the future when putting forward any legitimate claim.
The Supreme Court has asked the Centre to file a detailed reply within six weeks.