Kashish Developers has borrowed funds from DHFL amounting to Rs 725 crore for the purpose of meeting the cost of construction but the actual utilization of the loan funds are not the one stated in the loan document.
The Supreme Court on Tuesday struck down the state legislation WB-HIRA, being repugnant to the Centre's legislation RERA. WB-HIRA has, therefore, been declared unconstitutional.
On the previous hearing the two-judge bench headed by Dr. Justice D.Y. Chandrachud and Justice M.R. Shah had observed that it doesn’t matter whether there’s an overlap or no overlap because if parliaments intend to occupy a field, then you cannot legislate at the state level at all.