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NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI
R. K. Agrawal (President), *Dr. S. M. Kantikar (Member)
Mayur v. Radhakrishna Buildtech Pvt. Ltd.
| Table of Content |
|---|
| 1. booking and payment issues in housing projects. (Para 1 , 2) |
| 2. arguments regarding project cancellation and refund process. (Para 3) |
| 3. court's observations on unfair practices and delays. (Para 4 , 5 , 6) |
| 4. final ruling on refunds and compensation. (Para 7) |
1. Brief facts that in the year 2014, the Complainants booked a 2 - BHK unit / flat in the project 'Coral City' of M/s Radhakrishna Buildtech Pvt. Ltd (hereinafter referred to as the "Opposite Party No. 1") at Jaipur, Rajasthan. Each Complainant paid booking amount of Rs.2,50,000 and the letter of allotment was issued. It was alleged that the possession of each flat was to be delivered by 31.12.2015. However, the Opposite Parties failed to complete the project and handover possession of the respective units by the said date. For the undisclosed reasons the Opposite Parties arbitrarily cancelled the project and vide letter dated 15.4.2017 offered to refund the booking amount along with interest @ 9% p.a. to each Complainants. However, even after lapse of 6 months the Opposite Parties did not refund the booking amount of Rs.2,50,000. Therefore, on 14.12.2017, a legal notice was served upon the Opposite Parties, b
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