Q. Our Society in Goregaon (West) is in the midst of re-development. The Developer appointed by the Society could not obtain necessary permissions from various concerned authorities despite the lapse of more than 2 years after executing the Development Agreement. The Society therefore terminated the Development Agreement with that Developer. The dispute arising from this termination was referred to Arbitration, where the award of the Arbitration is also in favour of the Society. The Society is now in the process of selecting and appointing a new Developer for redevelopment. However, the new intending Developers are not ready and willing to take the liabilities created by the erstwhile Developer with the buyers who had booked flats in our society’s redevelopment project. Some experts say th

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