Tag: tripartite agreement

From Legal Dead End to Fresh Hope: Supreme Court’s Blueprint for Stalled Housing Projects
28Jan By The Legal ChamberNo Comments
Supreme Court

From Legal Dead End to Fresh Hope: Supreme Court’s Blueprint for Stalled Housing Projects

The Supreme Court constituted a one-judge committee under a retired High Court Judge to investigate and resolve the complex issues surrounding the stalled housing project. The committee will verify genuine allottees, devise a mechanism for partial lease restoration with GNIDA, determine proportional dues, and formulate a comprehensive plan for the project's completion. Facts Of The Case: In 2005, Golf Course Sahkari Awas Samiti (GCSAS) was allotted land in Greater Noida for a group housing project. The Samiti engaged a private developer, M/s Shiv Kala Developers, to build a luxury complex named "Shiv Kala Charms." Prospective homebuyers, including the petitioners, booked flats and availed bank loans, which were disbursed directly to the Samiti. However, the Samiti and develop...
Read More
Supreme Court Decides “what It Means for Future Agreements” : Lead Partner Liable for Full Payment in Power Project Dispute
19May By The Legal ChamberNo Comments
Supreme Court

Supreme Court Decides “what It Means for Future Agreements” : Lead Partner Liable for Full Payment in Power Project Dispute

The Supreme Court upheld the doctrine of privity of contract, ruling that Brua Hydrowatt Pvt. Ltd. (BHP) was solely liable for transmission bay costs under its agreement with HP Power Transmission Corporation (HPPTC), despite internal arrangements with third parties. The Court held that non-signatories (Respondent Nos. 2 & 3) could not be bound by the contract, reversing APTEL’s order. The judgment reaffirmed that contractual obligations apply only to parties to the agreement, unless explicitly extended. Facts Of The Case: The dispute arose between HP Power Transmission Corporation Ltd. (HPPTC) and M/s Brua Hydrowatt Pvt. Ltd. (BHP) over the liability for construction and maintenance costs of a 66kV power transmission bay at Urni, Himachal Pradesh. BHP, along with two other power com...
Read More