Case Law Analysis
|Bombay High Court
Section 10(1) MOFA 1963 | Prospective Application Covers Continuing Defaults; Promoters Must Execute Conveyance Even for Pre-Act Agreements : Bombay HC
Bombay High Court rules that the Maharashtra Ownership Flats Act's deemed conveyance provision applies prospectively to ongoing defaults, obligating promoters to execute conveyance even for agreements predating the Act. The judgment clarifies that statutory obligations persist until compliance, impacting housing societies and developers across Maharashtra.