Heard the Learned Counsel for the Appellants and perused the impugned order dated 22.02.2018, passed by the Punjab State Consumer Disputes Redressal Commission, Chandigarh (hereinafter referred to as the State Commission), whereby the Complaint, preferred by the Respondent herein, has been allowed and the Petitioners have been directed to refund to the Respondent a sum of Rs.63,30,750/-, along with interest @ 8% compounded annually from the various dates of deposit till actual payment, as also pay Rs.50,000/- as compensation on account of mental agony and physical harassment suffered by the Complainant and Rs.21,000/- as litigation expenses.

It is not in dispute that the Respondent/Complainant was an allottee of residential apartment in the Scheme, namely “Purab Premium Apartments”, floated by the Appellants in Sector-88, SAS Nagar, Mohali. The Letter of Intent was issued on 22.05.2012. The construction work could not be completed within the stipulated period of 36 months, where-upon the Respondent vide letter dated 01.07.2016 expressed his desire to withdraw from the Scheme and requested for refund of the entire amount deposited by him, along with interest @ 8% compounded an