In October 2016, a Delhi court took a firm stance against real estate irregularities by directing Punit Beriwala, Managing Director of Vipul Infrastructure, to surrender in a pending cheating case. The order came in the wake of the Supreme Court’s stricter approach towards errant builders who failed to meet commitments to investors and homebuyers.
The court’s decision to also dismiss anticipatory bail in this matter signaled a growing judicial intolerance towards non-compliance in the real estate sector. By ensuring that senior management was made directly accountable, the ruling sought to reinforce confidence among consumers and bring greater transparency into the functioning of realty firms.
Key Points:
Strengthened accountability in the real estate sector.
Anticipatory bail rejected, compelling surrender.
Reflected broader judicial concern for protecting buyers.
This order forms part of a larger judicial effort to ensure fairness in housing and infrastructure, ensuring that corporations uphold promises made to the public.
