An Update on Arbitration
Arbitration case has been filed by DTFWO (Phase.1) association, Since they have progressed in the case, we have (SARE SQUIRES) planned to merge with them and pursue the case and also represent all phase members in the arbitration case to get benefits for each and every one.
DTFWO (Phase1) has filed a claim statement against SARE, along with MOU for mergers and waiting for SARE’s defense.
SARE HOMES requested time to submit their defense, this is the third time they got time to submit their defense. Next Hearing date is 27th Jan.2018. Hope we will get defense for our claim statement from SARE on 27th.
In the meantime, we have filed an Interim Application under SECTION-17 of the Arbitration for the News Paper Advertisement of mortgaging SARE HOMES unsold flats for getting loan. For which SARE HOMES submitted their defense on 6/Jan/2018. Here I have attached the SARE Defense for SECTION-17.
Counter filed by Respondent:new doc 2018-01-07 21.04.02_20180107211024