Supreme Court Eyes on False Advertisements Given by Real Estate Developers
Every day you can see so many advertisements of pre-launch offers and schemes by real estate developers in the newspapers. Now, the Supreme Court has started looking onto the matter to restrict the developers to cheat the customers by providing false information and offers about the plots and buildings. The SC has directed the state governments to take action on the petition for the amendment in laws to protect people from being cheated by ambiguous and forged advertisements given by real estate developers.
The Supreme Court Bench, headed by Chief Justice K G Balakrishnan and comprising Justices P K Balasubramanyan and R V Raveendran, was hearing a Public Interest Litigation (PIL) on that matter. Sarankshak, an NGO, had filed the PIL on the eye catchy and false advertisements given by the builders. The SC Bench has directed all Union Territories (UTs) also to deliver their response on such matter and further they may ask the Centre to reply on the similar kind of matter too.
india-builders11_26
The petition clearly said that several builders defrauded the people of their hard earned money through many false and bogus advertisements. In many cases, several advertisements issued by builders and in reality they did not even own any land.
K S Rana and Anil Karnwal, advocates from the petitioners’ side, have sought an amendment in the existing provision under Section 420 (cheating) of the Indian Penal Code. They told to the bench further that the Law Commission of India, on a previous occasion, had suggested in a report that there should be a sub-section as 420 (b) under IPC 420. This may be an important development for stop making false advertisements and its publication as well.
In its petition, the NGO has sought court’s direction to frame new guidelines at national level for real estate developers and builders in issuing false public advertisements. It said further that the court should ask the developers and property dealers to submit all property-related papers and the name of publications. That would be helpful for the property buyers to cross check the claims made by the developers in the advertisements.
Source: indiadaily.org
The Supreme Court Bench, headed by Chief Justice K G Balakrishnan and comprising Justices P K Balasubramanyan and R V Raveendran, was hearing a Public Interest Litigation (PIL) on that matter. Sarankshak, an NGO, had filed the PIL on the eye catchy and false advertisements given by the builders. The SC Bench has directed all Union Territories (UTs) also to deliver their response on such matter and further they may ask the Centre to reply on the similar kind of matter too.
india-builders11_26
The petition clearly said that several builders defrauded the people of their hard earned money through many false and bogus advertisements. In many cases, several advertisements issued by builders and in reality they did not even own any land.
K S Rana and Anil Karnwal, advocates from the petitioners’ side, have sought an amendment in the existing provision under Section 420 (cheating) of the Indian Penal Code. They told to the bench further that the Law Commission of India, on a previous occasion, had suggested in a report that there should be a sub-section as 420 (b) under IPC 420. This may be an important development for stop making false advertisements and its publication as well.
In its petition, the NGO has sought court’s direction to frame new guidelines at national level for real estate developers and builders in issuing false public advertisements. It said further that the court should ask the developers and property dealers to submit all property-related papers and the name of publications. That would be helpful for the property buyers to cross check the claims made by the developers in the advertisements.
Source: indiadaily.org
posted by praveen @ 2:23 AM
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