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Section 40 : Recovery of interest or penalty or compensation and enforcement of order, etc - The Real Estate (Regulation and Development) Act, 2016

 

What is Recovery of interest or penalty or compensation and enforcement of order, etc under section 40 of The Real Estate (Regulation and Development Act, 2016). Recovery of interest or penalty or compensation and enforcement of order, etc is defined under Section 40 of the Act. Provisions under Section 40 are:

 

 

Section 40 "Recovery of interest or penalty or compensation and enforcement of order, etc" - The Real Estate (Regulation and Development Act, 2016)

(1) If a promoter or an allottee or a real estate agent, as the case may be, fails to pay any interest or penalty or compensation imposed on him, by the adjudicating officer or the Regulatory Authority or the Appellate Authority, as the case may be, under this Act or the rules and regualtions made thereunder, it shall be recoverable from such promoter or allottee or real estate agent, in such manner as may be prescribed as an arrears of land revenue.

(2) If any adjudicating officer or the Regulatory Authority or the Appellate Tribunal, as the case may be, issues any order or directs any person to do any act, or refrain from doing any act, which it is empowered to do under this Act or the rules or regulations made thereunder, then in case of failure by any person to comply with

 

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