2. Was there a termination clause mentioned in the contract in question, which you signed seven years ago? Taxpayers were members of a housing company (society) that owned certain land in a village. The company has included a tripartite JDA with some developers. Under the JDA, it was agreed that the developers would take over the development of 21.2 hectares of land owned and registered on behalf of the company and for which it would grant development rights in lieu of consideration. It should be noted that, although the JDA was executed, it was not registered and that, under the JDA`s terms, the possession of the property was to be surrendered at the same time as the JDA registration. You should terminate the development contract signed with the first owner, as he did not develop the property for a period of 7 years… Within the time frame agreed above; as such, another unreged development agreement dt. 05.12.2011 was concluded between the complainants and the consideration for the development of the property of the… 4. Ex.A1 is the unreged development agreement dt. Ex.A2 is the unregified development agreement dt.05.12.2011.
Ex.A3 is the plan and procedure that was issued by the thinker on 11.02.2012, but the counterparty did not hand over the accommodation to the complainants within the time agreed above; as such, another unreged development agreement dt. 05.12.2011 empty Ex.A2 was… The other aspect chosen by the Supreme Court was whether there was a counterparty limit, since capital gains are calculated by reference to the consideration resulting from the transfer of the asset. Under the agreement, the right to consideration of the owners was created only with the necessary authorizations and authorizations for the development of the property. In the end, no authorization was obtained, as the High Court had prohibited the development. Please note that all of these cases are a bit complex and that, as a buyer, you should only interact with the owner of the land authorized by the joint development contract. In many cases, the indirect beneficiary of these transactions, i.e. the signatory of the family comparison contract, goes directly to the buyers to conclude the agreement. The likelihood of fraud/fraud is high in such cases. Therefore, any agreement should be made directly with the owner of the land whose name is mentioned in the JDA. Finally, you should also check the copy of GPA or Family Settlement Agreement and review to get more clarity. 3.
However, he cannot claim that the agreement is still valid and valid until eternity, since there is some reasonable time that he has exceeded. The previous agreement is not legally valid for the following reasons: … Section 9 of the Arbitration and Conciliation Act 1996 is that a development contract has been considered mandatory and that the … have not been invoked.