Dimple (Asst. Manager- HR) 05 August 2011

Mou for redevelopment of society

Hi,

Our society had entered into an MOU with a builder/developer for redevelopment of our society, despite written objection from many members. Almost 2 years have elapsed since the signing of MOU. No transaction has taken place between the society and the builder/developer till date. I would like to know whether the MOU is still valid.

Kindly advise.

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5 Replies

Advocate Rajkumarlaxman (Advocacy) 06 August 2011

You have to go through the MOU clauses for that as to what is the time specified if any or the val;idity of the MOU extends to what extent. it depends solsly on the clauses of the MOU

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girish shringi (advocate) 06 August 2011

I am agree with Rajkumarlaxman.

Alonwith it if the objection was there for the MOU,then how did society made the same without consensus,because in the societies it is a general practice that they call the General Meeting & taking the members in to the confidence,then & then only they proceed.

Girish Shringi

(Advocate)

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Dimple (Asst. Manager- HR) 06 August 2011

Dear Mr. Rajkumarlaxman,

at the outset I would like to genuinely thank you for a wonderful opinion to my query. However, as per your suggestion I have again gone through the MOU and have found that there is a statement saying, " a development agreement shall be entered into by the society within 45 days of the signing of MOU". I would also like to mention that the MOU was dated January 2009. Could you please advise further if this MOU still stands valid.

Thanks a ton in anticipation.