After the "retrospective" clarification by the government to collect some "free" money from vodafone comes this shocker from the delhi government.
kindly refer http://economictimes.indiatimes.com/markets/real-estate/news-/all-power-of-attorney-property-deals-banned-in-delhi-transactions-since-october-2011-declared-void/articleshow/12990636.cms?adcode=13
The joker wants to invalidate all registered transfers with retrospective effect from October 2011. Thus the sellers will now want more and this will create a whole lot of new litigation.
This is a disaster waiting to happen as there is a lot of such transactions happening across the country in other states even now. Just because the supreme court has made a ruling doent mean it is applicable from that date. It can only be applicable from the date that same is communicated and uniformly applied by the government machinery which in this case has taken over 7 months.
The main purpose of the supreme court order was to reduce litigation - the exact opposite is being achieved with this ridiculous "retrospective" order.
Problem point:
The supreme court knows about the idiots in government - what stopped them from issuing an order to all the states/ UT's that the same is to be implemented in 60days and compliance report to be submitted in the courts and that all transactions till the respective dates of transactions are valid?
As usual something doesnt smell right as the only people to benefit from all this are the benami users who would have got rid of all their properties in the past 6-7 months (these people are normally the politicians/ civil servants etc)
kindly refer http://economictimes.indiatimes.com/markets/real-estate/news-/all-power-of-attorney-property-deals-banned-in-delhi-transactions-since-october-2011-declared-void/articleshow/12990636.cms?adcode=13
The joker wants to invalidate all registered transfers with retrospective effect from October 2011. Thus the sellers will now want more and this will create a whole lot of new litigation.
This is a disaster waiting to happen as there is a lot of such transactions happening across the country in other states even now. Just because the supreme court has made a ruling doent mean it is applicable from that date. It can only be applicable from the date that same is communicated and uniformly applied by the government machinery which in this case has taken over 7 months.
The main purpose of the supreme court order was to reduce litigation - the exact opposite is being achieved with this ridiculous "retrospective" order.
Problem point:
The supreme court knows about the idiots in government - what stopped them from issuing an order to all the states/ UT's that the same is to be implemented in 60days and compliance report to be submitted in the courts and that all transactions till the respective dates of transactions are valid?
As usual something doesnt smell right as the only people to benefit from all this are the benami users who would have got rid of all their properties in the past 6-7 months (these people are normally the politicians/ civil servants etc)
Posts
