1. Supreme Court orders Unitech to pay homebuyers Rs 80,000 as litigation cost

Supreme Court orders Unitech to pay homebuyers Rs 80,000 as litigation cost

Real estate group Unitech Residential Resorts Ltd was asked by the Supreme Court to pay Rs 80,000 each to 39 homebuyers as a compensation.

By: | Published: September 21, 2017 9:20 AM

 

Unitech, homebuyers, Dipak Misra, noida flats, flats in noida, Amrapali group, NCDRC, Supreme Court The apex court has asked the real estate group to pay the sum as litication cost and for harassing them. (IE)

Real estate group Unitech Residential Resorts Ltd was asked by the Supreme Court to pay Rs 80,000 each to 39 homebuyers as a compensation. The apex court has asked the real estate group to pay the sum as litication cost and for harassing them. A bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A M Khanwilkar disposed of the appeal filed by the real estate company against the order of the National Consumer Disputes Redressal Commission (NCDRC) and asked it to pay the cost within eight weeks to the home buyers.

The homebuyers had sought a refund of their principal amount of Rs 16.55 crore with interest after Unitech failed to handover the possession of the flats by 2012. The court modified the NCDRC’s order on the issue of compensation and awarded the compensation of Rs 80,000, besides the refund of the money invested by the home buyers who had said that they did not want the flats.Earlier, the court had directed the firm to deposit 14 per cent interest on Rs 16.55 crore invested by the 39 buyers and warned it that failure to pay could invite attaching the realtor’s property.

In another development, over 100 people who had booked homes with Amrapali Group after they failed to get possession and as well as the refund money had knocked the doors of the apex court. The buyers seeked quashing of National Company Law Tribunal (NCLT) order allowing insolvency proceedings against Amrapali Silicon City Ltd. The buyers had booked homes in the Amrapali Centurion Park-Low Rise project, Amrapali Centurion Park-Terrace Homes and Amrapali Centurion Park-Tropical Garden at Greater Noida in Uttar Pradesh.

 

(With PTI Inputs)

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