Consumer Protection Act, 1986-Ss. 11 (1), 21 (a) (i), 17 (1) (a) (i) and 24A –
Allotment-Complainants applied for-Payments in installments-Terms and conditions of allotment-It is the case of...
Read MoreConsumer Protection Act, 1986-Ss. 11 (1), 21 (a) (i), 17 (1) (a) (i) and 24A –
Allotment-Complainants applied for-Payments in installments-Terms and conditions of allotment-It is the case of complainants that respective date of possession have long expired but opposite party has failed to complete construction and deliver possession of respective apartments to complainant-Pecuniary jurisdiction-Interest claimed by apartment buyer is in nature of compensation-Held case should be dealt with under Clause 4 (e) of subject Builder Buyer Agreement, which provides that if opposite party is not in a position to offer possession of apartment to allottee, opposite party shall refund consideration amount received with 10% p.a.-Opposite party is liable to refund money received from the complainants with 10% p.a. on amount w.e.f. dates of respective payments of installments-Directions issued-Complaint allowed.
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