{"id":48606,"date":"2017-06-12T05:02:12","date_gmt":"2017-06-11T23:32:12","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=48606"},"modified":"2017-06-12T05:08:46","modified_gmt":"2017-06-11T23:38:46","slug":"delhi-hc-stays-recovery-proceedings-real-estate-developer","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer","title":{"rendered":"Delhi HC stays recovery proceedings against real estate developer"},"content":{"rendered":"<figure id=\"attachment_47337\" aria-describedby=\"caption-attachment-47337\" style=\"width: 296px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"47337\" data-permalink=\"https:\/\/www.legalindia.com\/news\/man-gets-jail-failure-abide-sc-order-alimony\/delhi-high-court-79\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?fit=296%2C170&amp;ssl=1\" data-orig-size=\"296,170\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"delhi high court\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?fit=296%2C170&amp;ssl=1\" class=\"wp-image-47337 size-full\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?resize=296%2C170&#038;ssl=1\" alt=\"Delhi HC stays recovery proceedings against real estate developer\" width=\"296\" height=\"170\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?w=296&amp;ssl=1 296w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?resize=150%2C86&amp;ssl=1 150w\" sizes=\"auto, (max-width: 296px) 100vw, 296px\" \/><\/a><figcaption id=\"caption-attachment-47337\" class=\"wp-caption-text\">Delhi HC stays recovery proceedings against real estate developer<\/figcaption><\/figure>\n<p>The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three crore to a company which had lent the money.<\/p>\n<p>Justice Jayant Nath also appointed a retired district and sessions judge as an arbitrator to adjudicate the dispute between the parties.<\/p>\n<p>The court said the arbitrator will function under the aegis of the Delhi International Arbitration Centre (DIAC).<\/p>\n<p>&#8220;The &#8216;sarfaesi&#8217; (recovery) proceedings shall remain stayed for the duration of the arbitration proceeding,&#8221; it said.<\/p>\n<p>The court said the director of M\/S Proto Developers and Technologies Ltd, the real estate developer, will pay a sum of Rs 50 lakh in three monthly instalments to the lender, Dewan Housing Finance Corporation Ltd (DHFL).<\/p>\n<p>Recovery proceedings allows banks and other financial institutions to auction residential or commercial properties to recover loans.<\/p>\n<p>The court&#8217;s order came on DHFL&#8217;s plea, which had sought setting aside of the arbitrator&#8217;s January 29 order staying the proceedings against the real state developer.<\/p>\n<p>DHFL, a housing finance company, has claimed that under the arbitration clause in the loan agreement, the arbitrator was to be appointed by them.<\/p>\n<p>The firm without following the procedure as mentioned in the loan agreement, signed between the parties, had appointed the arbitrator in an erroneous and misconceived manner, DHFL&#8217;s counsel had contended in the petition.<\/p>\n<p>Advocates Pankaj Garg and Milind Garg, appearing for the real estate developer, had submitted that DHFL was needlessly adding unnecessary charges and not giving them any of the details.<\/p>\n<p>&#8220;A housing loan of Rs 3.75 crore was availed by the firm in 2007 and till 2016, Rs 4.40 crore was paid to DHFL,&#8221; the counsel had said, adding that DHFL has charged approximately 19 per cent rate of interest per annum instead of 8.75 per cent as per the guidelines of the Reserve Bank of India (RBI).<\/p>\n<p>The firm&#8217;s counsel had contended that the admitted amount of loan in terms of the interest rate as per the RBI was Rs 50 lakhs only against the demand of DHFL of approximately Rs three crore.<\/p>\n<p>The high court has referred the matter to the DIAC for adjudication of all disputes between parties.<\/p>\n<p>As per DHFL, it had in September 2007 had granted financial assistance to the real state developer enabling it to purchase two flats at Greater Kailash in south Delhi.<\/p>\n<p>It said that after the firm had failed to repay the loan, they approached the trial court seeking to appoint a receiver to take possession of the property, which was allowed.<\/p>\n<p>However, the arbitrator appointed by the firm had stayed the recovery proceedings.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three crore to a company which had lent the money. Justice Jayant Nath also appointed a retired district and sessions judge as an arbitrator to adjudicate the dispute between the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1954],"tags":[146,255,31987,117,80,39687],"class_list":["post-48606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-high-profile-cases","tag-court","tag-delhi-high-court","tag-featured","tag-law","tag-legal-news","tag-real-estate-developer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Delhi HC stays recovery proceedings against real estate developer - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delhi HC stays recovery proceedings against real estate developer - Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"og:description\" content=\"The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-11T23:32:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-06-11T23:38:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"296\" \/>\n\t<meta property=\"og:image:height\" content=\"170\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"Delhi HC stays recovery proceedings against real estate developer\",\"datePublished\":\"2017-06-11T23:32:12+00:00\",\"dateModified\":\"2017-06-11T23:38:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer\"},\"wordCount\":462,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2017\\\/03\\\/delhi-high-court.jpg?fit=296%2C170&ssl=1\",\"keywords\":[\"Court\",\"Delhi High Court\",\"featured\",\"Law\",\"Legal News\",\"real estate developer\"],\"articleSection\":[\"High Profile Cases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer\",\"name\":\"Delhi HC stays recovery proceedings against real estate developer - Legal News India - Supreme Court &amp; High Court Updates\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2017\\\/03\\\/delhi-high-court.jpg?fit=296%2C170&ssl=1\",\"datePublished\":\"2017-06-11T23:32:12+00:00\",\"dateModified\":\"2017-06-11T23:38:46+00:00\",\"description\":\"The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2017\\\/03\\\/delhi-high-court.jpg?fit=296%2C170&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2017\\\/03\\\/delhi-high-court.jpg?fit=296%2C170&ssl=1\",\"width\":296,\"height\":170},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/delhi-hc-stays-recovery-proceedings-real-estate-developer#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top Law News\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/category\\\/top-law-news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Delhi HC stays recovery proceedings against real estate developer\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"name\":\"Legal News India - Supreme Court & High Court Updates\",\"description\":\"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\",\"name\":\"Legal News India: Supreme Court, High Courts & Govt Updates\",\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"Legal News India: Supreme Court, High Courts & Govt Updates\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Delhi HC stays recovery proceedings against real estate developer - Legal News India - Supreme Court &amp; High Court Updates","description":"The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer","og_locale":"en_US","og_type":"article","og_title":"Delhi HC stays recovery proceedings against real estate developer - Legal News India - Supreme Court &amp; High Court Updates","og_description":"The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","og_url":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer","og_site_name":"Legal News India - Supreme Court &amp; High Court Updates","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2017-06-11T23:32:12+00:00","article_modified_time":"2017-06-11T23:38:46+00:00","og_image":[{"width":296,"height":170,"url":"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"Delhi HC stays recovery proceedings against real estate developer","datePublished":"2017-06-11T23:32:12+00:00","dateModified":"2017-06-11T23:38:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer"},"wordCount":462,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?fit=296%2C170&ssl=1","keywords":["Court","Delhi High Court","featured","Law","Legal News","real estate developer"],"articleSection":["High Profile Cases"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer","url":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer","name":"Delhi HC stays recovery proceedings against real estate developer - Legal News India - Supreme Court &amp; High Court Updates","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?fit=296%2C170&ssl=1","datePublished":"2017-06-11T23:32:12+00:00","dateModified":"2017-06-11T23:38:46+00:00","description":"The Delhi High Court has stayed the recovery proceedings against a real estate developer over alleged failure to repay a loan amount of over Rs three - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#primaryimage","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?fit=296%2C170&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?fit=296%2C170&ssl=1","width":296,"height":170},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-recovery-proceedings-real-estate-developer#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top Law News","item":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},{"@type":"ListItem","position":3,"name":"Delhi HC stays recovery proceedings against real estate developer"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/news\/#website","url":"https:\/\/www.legalindia.com\/news\/","name":"Legal News India - Supreme Court & High Court Updates","description":"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"alternateName":"Legal News India for Advocates, Lawyers & Law Students","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/news\/#organization","name":"Legal News India: Supreme Court, High Courts & Govt Updates","alternateName":"Legal News India for Advocates, Lawyers & Law Students","url":"https:\/\/www.legalindia.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"Legal News India: Supreme Court, High Courts & Govt Updates"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/news\/author\/legal-india-admin"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/03\/delhi-high-court.jpg?fit=296%2C170&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":46170,"url":"https:\/\/www.legalindia.com\/news\/sc-stays-delhi-hc-order-unitec-home-buyers","url_meta":{"origin":48606,"position":0},"title":"SC stays Delhi HC order on Unitec-home buyers","author":"Legal India News","date":"December 15, 2016","format":false,"excerpt":"The Supreme Court today stayed the Delhi High Court order which had directed holding of meetings of home buyers with realty firm Unitech and opening of escrow accounts for completion of delayed projects. A bench of justices Dipak Misra and Amitava Roy said the execution proceedings in the cases filed\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/unitech-india.jpg?fit=420%2C378&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":45299,"url":"https:\/\/www.legalindia.com\/news\/delhi-hc-stays-trial-proceedings-hockey-player-sardar-singh","url_meta":{"origin":48606,"position":1},"title":"Delhi HC stays trial proceedings against hockey player Sardar Singh","author":"Legal India News","date":"October 14, 2016","format":false,"excerpt":"Delhi High Court has stayed the proceedings before a trial court here against former Indian national Hockey team captain Sardar Singh, facing allegation of sexual harassment made by his estranged girlfriend, an ex- British player. \"Further proceedings before the trial court shall remain stayed,\" Justice Vipin Sanghi said and issued\u2026","rel":"","context":"In &quot;High Profile Cases&quot;","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"Delhi HC stays trial proceedings against hockey player Sardar Singh","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/sardara.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":53001,"url":"https:\/\/www.legalindia.com\/news\/hc-restrains-housing-project-owner","url_meta":{"origin":48606,"position":2},"title":"HC restrains housing project owner","author":"Legal India Admin","date":"June 4, 2018","format":false,"excerpt":"New Delhi:More home buyers have dragged the owner and builder of a housing project in Dwarka to the Delhi High Court which restrained realtors from cancelling their allotment as they have not taken possession of flats which allegedly lack even basic amenities. Justice V Kameswar Rao restrained Uppal Housing Pvt\u2026","rel":"","context":"In &quot;Intellectual Property News&quot;","block_context":{"text":"Intellectual Property News","link":"https:\/\/www.legalindia.com\/news\/category\/intellectual-property-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/06\/2018_6img_2018652628-ll-300x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":43280,"url":"https:\/\/www.legalindia.com\/news\/erickshaw-recharge-stations-delhi-hc-stays-proceedings","url_meta":{"origin":48606,"position":3},"title":"Erickshaw recharge stations: Delhi HC stays proceedings","author":"Legal India News","date":"June 5, 2016","format":false,"excerpt":"The Delhi High Court has put on hold the proceedings in a power theft case in which a special electricity court had issued directions to AAP government's Power Secretary to create legal recharging stations for e-rickshaws. Justice Manmohan issued the interim direction on the plea of the AAP government which\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Erickshaw recharge stations: Delhi HC stays proceedings","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vODAFON-300x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":43634,"url":"https:\/\/www.legalindia.com\/news\/vodafone-tax-case-delhi-hc-allows-penalty-proceedings","url_meta":{"origin":48606,"position":4},"title":"Vodafone tax case: Delhi HC allows penalty proceedings","author":"Legal India News","date":"June 29, 2016","format":false,"excerpt":"Delhi High Court today allowed the income tax department to go ahead with its penalty proceedings against telecom major Vodafone, but asked the agency not to give effect to its final order till the next hearing in July. A vacation bench of V Kameswar Rao and I S Mehta passed\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/01\/DELHI_HIGH_COURT.jpg?fit=636%2C477&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/01\/DELHI_HIGH_COURT.jpg?fit=636%2C477&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/01\/DELHI_HIGH_COURT.jpg?fit=636%2C477&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":38310,"url":"https:\/\/www.legalindia.com\/news\/court-raps-finance-co-for-adopting-illegal-procedure","url_meta":{"origin":48606,"position":5},"title":"Court raps finance co for adopting illegal procedure","author":"Legal India News","date":"July 7, 2015","format":false,"excerpt":"A Delhi court has rapped a finance company for forcibly taking away a man's loaned vehicle, selling it off at a meager amount without the owner's knowledge and initiating arbitration proceedings to recover dues. The court said the procedure adopted by Shri Ram Transport Finance Company Ltd was illegal being\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Court raps finance co for adopting illegal procedure","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/06\/jail.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-cDY","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/48606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=48606"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/48606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/47337"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=48606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=48606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=48606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}