Quick Summary: The Bombay High Court dealt with a heated dispute between Huges Real Estate Developers and Khernagar Adarsh Co-operative Housing Society. The court had to decide on a temporary stop to a redevelopment project that had been stalled for years.
Huges Real Estate Developers LLP was in a conflict with Khernagar Adarsh Co-operative Housing Society. The developers wanted to prevent the society from hiring a new builder for a construction project in Bandra, Mumbai.
Back in 2011, an agreement was made for the redevelopment of the society's building. But things got complicated over the years, with changes in rules and disagreements over terms. The society eventually decided to go with a new builder, Kumar Vibes LLP, sparking the current legal battle.
Judge Sandeep V. Marne decided not to grant a temporary stop to Huges Real Estate Developers. This means Khernagar Adarsh Co-operative Housing Society can continue with the new builder, but they must deposit ₹5 crores to cover potential claims from Huges Real Estate Developers.
"The rights of the developer can be secured through other means, and this aspect is being dealt with in the latter part of the judgment."
The court emphasized the need to balance the safety of residents in a worn-out building against the developer's right to make money. The redevelopment must proceed without unnecessary delay.
The case will continue to determine if the original agreement was unlawfully ended. Meanwhile, Khernagar Adarsh Co-operative Housing Society can move forward with the redevelopment, ensuring residents' safety.
