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SUPREME COURT
Uday U. Lalit, Hemant Gupta, *S. Ravindra Bhat, JJ.
Laureate – Appellant
Versus
the purchaser – Respondent
| Table of Content |
|---|
| 1. details of real estate transaction and disputes. (Para 1 , 2 , 3 , 5) |
| 2. builder's defense regarding delays and obligations. (Para 6 , 7 , 9 , 10 , 11 , 12) |
| 3. court analysis of builder's arguments and consumer rights. (Para 8 , 17 , 18) |
| 4. clarifications on rights and entitlements of subsequent purchasers. (Para 20 , 21 , 22 , 23 , 24 , 31) |
| 5. consumer protection legacies and relevance. (Para 26 , 27 , 28 , 32) |
| 6. final order and modifications to ncdrc decisions. (Para 33) |
1. The appellant (hereafter called "Laureate" or "the builder") is aggrieved by an order of the National Consumer Dispute Redressal Commission (In Consumer case No. 1183 of 2017, decided on 29/05/2019) (hereafter "NCDRC"). The respondent (hereafter "the purchaser") had sought, through his complaint a direction against the builder, for refund of the consideration amount of Rs.1,93,70,883/- received by the latter, as consideration for sale of a flat along with interest @ 24% p.a. from the date different instalments were paid, as well as compensation and costs.
2. The relevant facts are that one Ms. Madhabi Venkatraman (hereafter "the original allottee") applied on 29/08/2012 for allotment of a resident
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