Situation is dire, state may need to step in with drastic steps to curb errant defaulting builders: Bombay HC

The Bombay high court this week observed that the situation across the city was “now so dire’’ that it believed it would be necessary for the government to step in with “drastic steps to curb errant builders in default of their obligations" while undertaking redevelopment projects including transit rent payment to tenants who vacated their premises for new permanent accommodations.