Punjab and Haryana High Court restrains fresh allotments in Oberoi Realty's Gurugram project

Punjab, Haryana HC Directs DTCP to Decide AIPL's Complaint Against Alleged Illegal Transfer of IREO's Gurugram Project to Oberoi Realty; Restrains Further Allotments

Get latest articles and stories on India at LatestLY. Taking note of the rival submissions, the High Court held that the legality of the licence and its subsequent transfer should first be examined by the competent statutory authority. Without expressing any opinion on the merits of the dispute, it directed expeditious disposal of the pending complaint while protecting the interests of prospective allottees by restraining further allotments and …

Punjab and Haryana High Court restrains fresh allotments in Oberoi Realty's Gurugram project

The petition by Advance India Projects Ltd alleges violations of FDI norms and irregularities in the grant and transfer of the project licence. The court has not expressed any view on the merits of the allegations