India, Dec. 26 -- The Bombay High Court on Wednesday appointed a court receiver, a third neutral third party, to oversee the slum rehabilitation projects being carried out by Darshan Developers after slum dwellers complained that they had not been paid transit rent for several years.

The court noted that despite selling 531 flats and commercial units and handling multiple slum redevelopment projects in the city, the developer's proprietors, Pravin Satra and his son Darshan Satra, showed almost no funds in their bank accounts.

A division bench of justices GS Kulkarni and Aarti Sathe said they had "serious doubts" about the firm's credibility and questioned whether Darshan Developers was merely acting as a front for some other builder. "I...