The homebuyer had booked the apartment in 2008 by making a payment of ₹ 8,10,000 to the real estate company.
Despite assuring that possession would be handed over to the homebuyer within two years and after the completion of the project, Parsvnath Developers failed to do so for the next ten years.
The homebuyer, therefore, approached the district consumer court for relief.
On July 26, 2023, a three-member Bench of the district consumer rights forum held the developer liable and ordered it to return the entire amount of ₹8,10,000 with interest. The district consumer forum also ordered Parsvnath Developers to pay an additional ₹25,000 for deficiency in service and ₹10,000 as litigation costs.
This amount was to be paid within 30 days, but Parsvnath Developers failed to do so.
This led the homebuyer to approach the district commission again around six months later, seeking an execution of the July 2023 order.
After this execution plea was taken up for hearing, Parsvnath Developers paid ₹2,00,000 out of their total dues and promised to pay the remaining amount.
However, the developer chose not to appear on the next date of hearing, prompting the commission to conclude that it was trying to avoid completing the payment of the due amount.
Having issued non-bailable warrants against the developer’s directors, the commission posted the matter for hearing next on August 7.
Source: Barandbench
