HC Denies Relief to Ansal Properties; HRERA Penalties Stand
CHANDIGARH: The Punjab and Haryana High Court has determined that the interim penalty orders issued by the Haryana Real Estate Regulatory Authority (HRERA) against Ansal Properties and Infrastructure Ltd are appropriate and should not be challenged under writ jurisdiction. The court affirmed that the penalties were legitimately imposed under the Real Estate (Regulation and Development) Act, 2016 (RERA) for statutory non-compliance. Despite undergoing insolvency proceedings, the company must ensure adherence through its resolution professional. The High Court clarified that the petitioner has the alternative option of appealing to the Real Estate Appellate Tribunal under Section 43(5) of the RERA Act,…