ORDER

R.K. Agrawal, President.—The present Consumer Complaint has been filed under Section 21 of the Consumer Protection Act, 1986 (for short “the Act”) by Atul Kaila and her wife Bharti Kaila (hereinafter referred to as the Complainants) against Opposite Party, M/s. Parsvnath Developers Limited (hereinafter referred to as the Developer), seeking refund of the amount paid towards purchase of Flat alongwith interest and costs as the Opposite Party Developer failed to hand-over the possession of the Flat booked by them in the Project launched by the Developer in the name and style of “Parsvnath Privilege” located at Plot No. 11, Section Pi, Greater Noida, Uttar Pradesh.

2. It has been averred in the Complaint that the Opposite Party Developer launched a Residential Group Housing Project in the name and style of ‘Parsvnath Privilege’ located at Plot No. 11, Sector Pi (Chorosia Estate), Greater Noida, UP. The Complainants booked a residential flat in the said Project in the year 2008. Flat No. T14-303, Tower No. 14 admeasuring 1855 sq. ft. was allotted to them at a basic sale price of Rs.61,21,500/-. Flat Buyers Agreement (hereinafter referred to as the Agreement) was executed between