Consider the following statements regarding the West Bengal Ho | Test Portal UPSC Only

Consider the following statements regarding the West Bengal Housing Industry Regulation Act 2017 :-
(1) Supreme Court has struck down West Bengal's law on regulating the real estate sector in the state and said it was "unconstitutional" as the statute encroached upon the centre's Real Estate (Regulation and development) act.
(2) In exercise of the jurisdiction under Article 142, the apex court directed that the striking down of the law will also affect the registration, sanctions, and permissions previously granted under the legislation prior to the of this judgement.