Tag: property

Supreme Court upholds homebuyers’ rights in fight against bankrupt builders

Source: business-standard.com The Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia’s third-largest economy. Once a homebuyer establishes default before a bankruptcy court, the onus is on builders’ to prove that the consumer does not wish to take possession of their house to avoid

Supreme Court Overturns Precedent In Property Rights Case — A Sign Of Things To Come?

Source: npr.org A sharply divided U.S. Supreme Court ruled Friday that property owners can go directly to federal court with claims that state and local regulations effectively deprive landowners of the use of their property. The 5-4 decision overturned decades of precedent that barred property owners from going to federal court until their claims had