RERA Prevails Over SARFAESI ; Homebuyers Can Move RERA Authority Against Bank's Recovery Actions : Supreme Court
The Supreme Court upheld a Rajasthan High Court judgment which held that Real Estate Regulatory Authority can entertain complaints by home buyers against the bank which took possession of a real estate project as a secured creditor(Union Bank Of India vs Rajasthan Real Estate Regulatory Authority).
The bench comprised Justices MR Shah and BV Nagarathna.