Homebuyers’ guide: What you need to know about arbitrary payment clauses in builder agreements

In 2022, Ramesh Mehta booked an under-construction apartment in Pune. His builder-buyer agreement stated that each instalment would be due on “completion of the corresponding construction milestone or 60 days from the date of booking, whichever is earlier.” The second instalment was tied to the completion of the first-floor slab. However, the builder demanded payment […]

Vague war clauses cloud IPL cover

Image used for representative purposes MUMBAI: The suspension of IPL – India’s most heavily insured sporting event – has brought renewed scrutiny to the utility and limits of event insurance amid geopolitical tensions. Howden, the insurance broker to the BCCI, acknowledged the suspension and said it would wait for an official decision on cancellation or […]