TDR IS NOT AN EXCUSE. INSOLVENCY IS NOT A SHIELD. TWO BOMBAY HC RULINGS THAT CHANGE HOW SOCIETIES FIGHT FOR THEIR LAND.

On June 25, 2026, the Bombay High Court dismissed a petition by Neelkanth Mansions & Infrastructure Pvt Ltd (WP 3530/2026), which had challenged a deemed conveyance order granting 929.84 square metres of land to Neelkanth Greens Row House Cooperative Housing Society in Thane. The pronouncement was on June 25, 2026. The developer's argument: the project had used Transferable Development Rights, and that use complicated the calculation of what land was owed to the society. Justice Sandeep Marne did not accept that argument. The court held that where TDR is distributed across all buildings in a layout, societies are entitled to proportionate conveyance of land calculated on the built-up area of their specific buildings. The Competent Authority's order was found without error. The petition was dismissed. Four days earlier, on June 24, 2026, the same bench set aside an order in Darshan Mandir CHS v. DDR (WP 16318/2025) in which the Competent Authority had refused to process a deemed conveyance application by Darshan Mandir CHS because the developer — Vas Infrastructure Ltd — was in Corporate Insolvency Resolution Process before the NCLT. The court held that deemed conveyance proceedings are not recovery actions. The Competent Authority performs a statutory function — verifying whether the developer has discharged its obligation to transfer title and, if not, perfecting that title in favour of flat purchasers. This is not a claim against the developer's assets. Allowing the IBC moratorium to operate as a bar against deemed conveyance would permit developers to misuse insolvency proceedings to indefinitely delay their statutory obligation under MOFA. Full analysis of both rulings — and their implications for double-encumbered properties in the MMR — appears on Page 2.

ठाण्यातील नीलकंठ ग्रीन्स रो हाऊस सोसायटीला ९२९.८४ चौरस मीटर जमिनीचे 'मानीव अभिहस्तांतरण' (Deemed Conveyance) मंजूर करणाऱ्या आदेशाला आव्हान देणारी विकासकाची याचिका मुंबई उच्च न्यायालयाने २७ जून रोजी फेटाळून लावली. प्रकल्पात 'हस्तांतरणीय विकास हक्क' (TDR) वापरला असला, तरी त्यामुळे सोसायट्यांचा जमिनीवरील संप्रमाणात्मक हक्क हिरावून घेता येणार नाही, असा महत्त्वपूर्ण निर्वाळा न्यायालयाने दिला.

दुसऱ्या प्रकरणात — Darshan Mandir CHS विरुद्ध Vas Infrastructure (WP 16318/2025, आदेश: २४ जून २०२६) — कॉर्पोरेट नादारी व दिवाळखोरी प्रक्रिया (CIRP) सुरू असताना 'सक्षम प्राधिकरणाने' मानीव अभिहस्तांतरण अर्ज नाकारला. न्यायालयाने हे अमान्य केले: MOFA अंतर्गत सक्षम प्राधिकरणाचे वैधानिक कर्तव्य IBC स्थगितीमुळे रद्द होत नाही. सविस्तर विश्लेषण पृष्ठ २ वर..