Allowed
Guinea Global Nx Builders and Developers and Anr. v. Jai Anaant Sagar Co-Operative Housing Society Limited and Ors.
Bombay HCCRR/210/2024
Case brief
AI extract
What is this about?
In a receiver's report application, the Court approved the discharge of the Court Receiver appointed in a commercial arbitration petition after the Receiver handed over possession of the subject flats to the petitioner-developer and fixed incidental costs. Petitioner sought refund of deposited funds after deduction of expenses.
What did the court decide?
The Court Receiver was ordered to be discharged; incidental costs fixed; amount deposited by petitioner to be refunded after deduction of charges.