Kumbhat and Krishna Developers Face Off in Mumbai Real Estate Dispute
Kumbhat & Krishna Developers embroiled in a real estate dispute in Mumbai. Read our in-depth coverage of the legal battle #MumbaiRealEstate #RealEstateDispute #KrishnaDevelopers #Kumbhat
A long-standing real estate dispute between Kunal Kumbhat & Anr and M/s. Krishna Developers has reached the Maharashtra Real Estate Appellate Tribunal in Mumbai. The case, numbered AT006000000133980, has been ongoing for some time, and recent proceedings on April 24, 2023, shed light on the status of the dispute and its future resolution.
The dispute between Kunal Kumbhat and M/s. Krishna Developers centers around a real estate project that the two parties were collaborating on. The project involved the development of a new building or complex, and the details of the dispute have not been made public.
The matter was first brought before the Maharashtra Real Estate Regulatory Authority (MahaRERA), which is responsible for regulating and promoting real estate projects and resolving disputes in the state. After the parties failed to reach a resolution at this stage, the matter was escalated to the appellate tribunal.
The hearing on April 24, 2023, was held through video conference due to the ongoing COVID-19 pandemic. The counsel for the respondent, M/s. Krishna Developers, informed the tribunal that the arguing counsel, Dr. Sanjay Chaturvedi, was not available as he was appearing before the Hon'ble Bombay High Court. The matter was already listed for hearing on June 9, 2023, but the counsel for the appellants, Kunal Kumbhat & Anr, requested that the matter be heard on priority, as it was part-heard.
The tribunal decided to stand over the matter to May 3, 2023, for final hearing. It remains to be seen whether a resolution will be reached at this stage, or whether the matter will be further escalated to higher courts.
The real estate dispute between Kunal Kumbhat and M/s. Krishna Developers is just one example of the many disputes that can arise in the complex and high-stakes world of real estate development. Disputes can arise at any stage of a project, from planning and design to construction and completion, and can be caused by a variety of factors, including breaches of contract, disagreements over design or specifications, and regulatory issues.
The resolution of such disputes is crucial not only for the parties involved but also for the wider real estate industry and the public at large. Real estate projects play a vital role in the economic development of cities and regions, and disputes that delay or disrupt these projects can have far-reaching consequences. They can result in significant financial losses for the parties involved, delay the delivery of much-needed housing and infrastructure, and damage the reputation of the industry as a whole.
The real estate dispute between Kunal Kumbhat and M/s. Krishna Developers is a reminder of the importance of effective dispute resolution mechanisms in the real estate industry. The Maharashtra Real Estate Regulatory Authority and the appellate tribunal have an important role to play in resolving disputes and ensuring that real estate projects proceed smoothly and without delay. It is hoped that a resolution can be reached in this case and that the parties involved can move on to future projects.
In summary, real estate disputes are a common occurrence in the industry, and their resolution is crucial for the industry's health and development. The ongoing dispute between Kunal Kumbhat and M/s. Krishna Developers is just one example of the complex and high-stakes world of real estate development and highlights the importance of effective dispute resolution mechanisms.
Note: The information provided in this article about Maharashtra Real Estate Regulatory Authority (MahaRERA) is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances.
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