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March 2012

Majority wins: Bombay High Court paves way for redevelopment.

By Tarunkumar Singhal, Raman Jokhakar, Chartered Accountants
Reading Time 1 mins
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Dissenting members who deliberately skipped housing society meetings have ‘no right’ to object to a resolution favouring redevelopment passed by majority of the members, observed a Cooperative Court recently. The Court upheld a resolution passed by majority of the members to redevelop a four-storey building in Khar (W).

The ruling is significant as it seals the fate of the dissenting few and holds that the resolution, if passed at a meeting held legally, will be binding on all members of a cooperative housing society.

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