Unilateral Cancellation of Registered Sale Agreement Not Permissible: Bombay HC

Macrotech Developers Ltd. Vs Joint Sub-Registrar and Ors. (Bombay High Court) The writ petition before the Bombay High Court arose from a dispute concerning cancellation of a registered agreement for sale in a real estate project. The petitioner, a promoter of a project registered under MahaRERA, had executed an agreement for sale in May 2018 in favour of certain allottees. Due to persistent defaults in payment of instalments by the allottees, the petitioner issued a termination notice and thereafter filed a complaint before MahaRERA under Section 31 of the Real Estate (Regulation and Developm...