HREAT JUDGEMENT

 

                        

                            

FEDERATION OF RESIDENTS’ WELFARE ASSOCIATION

V-3/11 DLF Phase- III Gurugram-122001| 0124-4014318; 0124-4990107

 

01.09.2021

Dear Members,

 

The Hon’ble H-REAT court in the recent case of-

Shakti Singh                                                ...Appellant

Versus

M/s Bestech India Ltd.                            …. Respondent

Held that consequently, the impugned order passed by the Ld. Authority is modified to the extent that the respondent-promoter shall be allowed to forfeit an amount of Rs.14,11,108/- i.e. 10% of the total sale consideration of Rs.1,41,11,108/- out of the total amount of Rs.39,51,638/- deposited by the appellant. The respondent has already sent a cheque dated 29.04.2019 amounting to Rs.1,39,382/- for refund to the appellant. The respondent shall return the balance amount of (Rs.39,51,638/- minus 10% of the total sale consideration i.e.Rs.14,11,108/- minus the amount of Rs.1,39,382/- already paid to the appellant) i.e. Rs.24,01,148/- to the appellant with interest as per Rule 15 of the Rules i.e. at SBI highest marginal cost lending rate plus two per cent i.e. 9.3% per annum from the date of this order till realization.

All the best,

God bless u all

President,

Federation of Residents Welfare Association

V 3/11 DLF PHASE III

GURUGRAM-122002

HARYANA,

0124 4-14318,0124 4990107,08860332404.

 

 

PRESIDENT

FEDERATION OF RESIDENTS WELFARE ASSOCIATION