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Section 40 - Real Estate (Regulation and Development) Act, 2016
40. Recovery of interest or penalty or compensation and enforcement of order, etc.-
(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 regulations 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 such order or direction, the same shall be enforced, in such manner as may be prescribed.
Related Sections
- Section 16: Obligations of Promoter Regarding Insurance of Real Estate Project
- Section 19: Rights and Duties of Allottees
- Section 8: Obligation of Authority Consequent upon Lapse of or on Revocation of Registration
- Section 52: Vacancies
- Section 72: Factors to be Taken into Account by the Adjudicating Officer