DEFECT LIABILITY
MahaRERA proposes self-declaration of project quality by realty developers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed that realty developers provide an annual self-declaration on projects' quality assurance to ensure structural integrity, material quality, and workmanship standards. Initially optional, it will become mandatory. The move aims to enhance construction quality and protect homebuyers' interests, with a feedback deadline of May 23.
Road builders may be liable for 10 years
Under the EPC mode, the maintenance of highways is the responsibility of the central government after the defect-liability period is over. The contractor is responsible for maintenance during the defect-liability period. The ministry has earmarked Rs 2,600 crore for road maintenance in 2024-25, the same as the budgetary and revised estimates for 2023-24 but a tad higher than the Rs 2,573.66 crore spent in 2022-23.
Judge finds evidence that Tesla, Elon Musk knew about Autopilot defect
A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling.
Tesla Autopilot fatality case to soon reach California jury
The civil lawsuit alleges Autopilot system caused owner Micah Lee's Model 3 to suddenly veer off a highway east of Los Angeles at 65 mph (105 kph), strike a palm tree and burst into flames, all in the span of seconds.
What is a defective income tax return (ITR), how to correct it
A taxpayer will get a notice pertaining to his/her return being classified as defective due to many possible reasons like PAN name mismatch, incorrect ITR form, among other reasons. Read below to find out how to correct those errors and rectify those mistakes.
Fallback liability: Why holding online marketplaces responsible for consumer protection may harm MSME growth
The growth of MSMEs through strategies that leverage online e-commerce presents a winning proposal for the country. However, growth in the sector, brought with it concerns around consumer protection.
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Paytm Mall, Snapdeal penalised Rs 1 lakh each for selling defective pressure cookers
Paytm Mall listed pressure cookers of Pristine and Quba on its platform despite the product description clearly stating that it does not carry ISI mark.
SEC probes Tesla over whistleblower claims on solar panel defects
The probe raises regulatory pressure on the world's most valuable automaker, which already faces a federal safety probe into accidents involving its driver assistant systems.
SEC probes Tesla over whistleblower claims on solar panel defects
Tesla also failed to notify its customers that defective electrical connectors could lead to fires, according to the complaint.
DDA approves guideline to fix accountability of builder in case of structural defect
Professionals such as architects, engineers and supervisors will have to take professional liability insurance and the developers or promoters will have to take latent defect liability insurance for 10 years from the issuance of occupancy and completion certificate, say the guidelines.
ETIG Analysis: Implications of the new Consumer Protection Act on consumer companies
Consumers now have a strong reason to move away from the unorganised space since they can better assert their rights and seek legal redressal of their complaints in case of disputes with a player from the organised market.
Fund paucity halts repair of PMGSY roads
As many as 40% of roads have completed their design life and require repair/renewal. But funds are elusive.
Glitches in ITR processing lead to bloated tax liability on capital gains
This has led to bloated tax liability on capital gains and denial of credit for TDS, among other issues.
Rights and liabilities of property buyers and sellers
You must know these legal rights and liabilities before you become a part of the buying or selling process.
Homebuyers’ body opposes developers’ plea to amend structural defect liability
The Forum for People’s Collective Efforts (FPCE), a pan-India homebuyers’ association, has objected to realty developers’ proposal to amend the structural defect liability and workmanship clause under the Real Estate Act, 2016.
Defaulting builders' cases should go to RERA regulators before NCLT: Realtors' body
The association also recommended that any dispute regarding new projects should only be heard by state regulators set up under the Real Estate (Regulations and Development) Act, called RERA, and not consumer courts.
Now, an insurance cover for structural defects in buildings
While the policy is designed to cover the developer's liability, unlike other liability covers the claim will be paid without the property owners taking legal action against the developer.
ITR filed in wrong form will be 'defective': Here's the ITR form which applies to you
July 31 deadline for individual ITR filing is knocking on our doors but as you rush to file your return make sure you choose correct form.
TDP may be a liability for BJP, ties in Telangana and Andhra Pradesh on line
Local BJP leaders view that calling off pact with TDP would help them consolidate in both states and occupy space being left by opposition lawmakers.
Liability insurances that protect SMEs in a lawsuit
There are three important liability insurances that a small business should consider: Professional indemnity, directors liability and comprehensive general liability.
US hopes Indian Parliament would soon ratify nuclear liability agreement
"There's a natural interest in India in the nuclear power, yet they've failed to attract US suppliers to set up nuclear facilities", a diplomat said.
The way forward on Nuclear Liability
It must be recognised that recent FAQs released by MEA are really intended as a guidance as to the Government's thinking and will not constitute binding statements of law.
Government answers US N-deal FAQs; asks operators & suppliers to share risks
The FAQs are also intended to answer questions swirling around after India and the US reached a nuclear understanding during Obama's visit.
Manufacturing defect: Hindustan Motors to hand over new car
NCDRC passed the order, dismissing the revision petition filed against an order of Maharashtra State Consumer Disputes Redressal Commission.
Nuclear law is asset, not liability
On eve of India-US diplomatic encounter, nuclear industry lobby groups and major reactor suppliers to complain about how law on nuclear liability prevents them from doing business.
Faulty construction in buildings? How to avoid protracted battles with the builder
The government can either bring in a standalone legislation or dovetail it with the Real Estate Bill, which is pending in the Parliament.
Civil Liability for Nuclear Damage Act : Government trying to obtain insurance cover
The use of imported nuclear fuel has enabled these reactors to operate at full power over long time periods, the minister added.
Expiry of warranty no defence if product has inherent defect
Expiry of the warranty period of a product will not absolve its manufacturer from their liability if it has a inherent manufacturing defect.
Defective law on nuclear liability; India walks alone on nuclear jurisprudence
Suppliers should have a clear sense of what to expect so that they can be prepared with adequate liability insurance.
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