Tag: Delhi High Court

Latest StoriesRegulatory

Delhi HC Dismisses Plea to Oversee ED Probe into IREO Residences

NEW DELHI: The Delhi High Court has affirmed the Enforcement Directorate’s investigation into the real estate company IREO Residences and dismissed a petition claiming bias against the agency. Justice Manmeet Pritam Singh Arora issued the ruling on Wednesday, criticizing petitioner Gulshan Babbar for omitting vital information and imposing a fine of Rs 1.25 lakh for misleading the court. Babbar alleged that the Enforcement Directorate had failed to properly investigate financial discrepancies amounting to Rs 1,317 crore related to bank loans and land transactions in Gurugram. The High Court dismissed Babbar’s petitions due to lack of standing and maintainability. Published On…

Latest StoriesRegulatory

Delhi HC: Rent Control Act is Outdated Legislation

NEW DELHI: The Delhi High Court has described the Delhi Rent Control Act as an “outdated law,” criticizing its “severe” misuse that has left property owners in distress as affluent tenants “unfairly occupy properties for decades.” Justice Anup Jairam Bhambani was reviewing petitions challenging the 2013 decisions of the Additional Rent Controller (ARC), which had denied eviction petitions from property owners based in the UK and Dubai in Sadar Bazar, siding with the tenants. “This court must note that while managing the Rent Control Roster, it has uncovered numerous instances of wealthy tenants, enjoying financial stability, unjustly residing in properties…