Special purpose vehicle

Redevelopment by Majority: Sattva New Heights v. Patankar on When a Minority Member Can Enjoin a Housing Society

Two members out of three hundred got an injunction that stopped an entire redevelopment project. The Bombay High Court took it apart, ground by ground — and along the way set out how courts should treat SPV bidders, shifting environmental classifications and project management consultants in society redevelopment disputes.