India, Feb. 25 -- The National Company Law Tribunal (NCLT) has directed maintenance agency - YG Estates Facilities Management - to hand over maintenance of Supertech Ecociti located in Noida Sector 137, and 34 Pavilion located in Sector 34 to their registered apartment owners' associations (AOAs) within 30 days from the date of this order.
The transfer will take place under the supervision of the interim resolution professional Hitesh Goel in the ongoing insolvency of Supertech Limited.
The tribunal held that under the Uttar Pradesh Apartment Act-2010, the management of common areas must shift to a registered association once the majority of the apartment owners occupy their respective units.
"From the facts brought on record it does a...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.