February 4, 2021 In Arbitration, Authored Article

HOME-BUYERS NOT BOUND BY ONE-SIDED CONTRACTUAL TERMS

A much debated topic was finally laid to rest when on January 11, 2021, the Supreme Court, comprising of a bench of Dr Dhananjaya Y Chandrachud, Indu Malhotra and Indira Banerjee, JJ., in the matter of Ireo Grace Realtech Pvt. Ltd. vs. Abhishek Khanna[1] held that incorporation of one-sided and unreasonable clauses in an Apartment Buyer’s Agreement constitutes an unfair trade practice falling under Section 2(r) of the Consumer Protection Act.

READ MORE