In Brief

Homebuyers invested in a housing project developed by a cooperative society that collapsed due to large-scale fraud by office bearers and the developer. The land lease was cancelled for non-payment of dues after the society failed to complete construction. The High Court dismissed writ petitions seeking relief. The Supreme Court, rather than simply upholding or reversing the decision, found that while the High Court's order was justified, the matter's complexity—involving identification of genuine allottees, determination of proportional liabilities, and coordination among multiple authorities—exceeded traditional appellate scope. The Court constituted an independent committee headed by a retired High Court judge to conduct comprehensive fact-finding, identify genuine claimants, examine partial lease restoration feasibility, and devise a fair resolution plan for completing the stalled project while protecting legitimate allottees and preventing fraudulent claims.">

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