The Delhi High Court has granted interim protection to a homebuyer of Shubhkamna City residential project in Greater Noida West against a loan recovery proceedings initiated by a bank.
While staying the proceedings pending before the Debt Recovery Tribunal (DRT) in Delhi, initiated by Bank of Maharashtra, a Bench of Justice Vipin Sanghi and Justice Jasmeet Singh said: In our view, prima facie, it appears that the petitioner [homerbuyer] has been taken for a ride by the builder and it is not the petitioner who has received the loan amount.
The bank has disbursed the loan amount to the builder, and in these circumstances, it remains to be seen as to whether or not the petitioner is at all liable, the Bench said.
The courts direction came …
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