Supreme Court orders Ricardo Construction to compensate 31 buyers for delay in possession

Supreme Court orders Ricardo Construction to compensate 31 buyers for delay in possession


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New Delhi: Failure by a real estate company to file its reply within the prescribed period of 45 days NCDRC Homebuyers complain it proved costly as it is directed Supreme Court The 31 buyers who filed the case against it were given more time to pay Rs 1 lakh each and file their reply.

In this case, the NCDRC had forfeited the real estate company’s right to file its reply after it did not adhere to the timelines prescribed under the law. Since the company would not be able to present its case before the Commission and respond to the home buyers’ allegations, which would affect its case, the builder approached the Supreme Court for permission to file a reply.

Thirty-one home buyers who had booked flats in ‘US Open’, a super luxury residential project in Mulund, Mumbai, approached the commission against the real estate company. ricardo construction Due to delay in handing over their flat. The Commission considered his plea and issued notice to the firm on February 6 and its lawyer present was allowed to file the Vakalatnama. The company was given thirty days to file its written statement. But the Commission found that the reply was not filed and took away its right to file the reply.

“The Appellant is permitted to file written statement subject to payment of costs of Rs 1 lakh to each of the 31 complainants. Payment of costs will be a condition for acceptance of the written statement on record. The costs, as above, will be transferred to The respective bank accounts of the respondents,” the bench said.

  • Published on Sep 25, 2024 at 08:00am IST

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