#Regulatory Authority

The Allahabad High Court has mandated that the Real Estate Regulatory Authority must conclude registration proceedings initiated via notice under Section 59 of RERA, 2016, within three months of its production. This enforces a strict statutory deadline, protecting homebuyers from indefinite delays and reinforcing RERA’s obligation to act with urgency, not discretion.

The Karnataka High Court reaffirmed that only the Karnataka Electricity Regulatory Commission (KERC) holds statutory power under the Electricity Act, 2003 to fix or revise supervision charges for self-execution works. The Court quashed KPTCL’s unilateral fee revision and directed a refund of excess payments with 8% interest, reinforcing regulatory compliance over arbitrary executive action.

The Bombay High Court has affirmed that the Central Registrar of Cooperative Societies can issue an interim order to halt new deposits in a multi-state cooperative society when there is prima facie evidence of fund diversion and financial misconduct. This sets a critical precedent for deposit protection, empowering regulators to act swiftly before final adjudication to safeguard vulnerable members from systemic collapse.