ORDER

1.      Heard Mr. Ajit Sharma, Advocate, for the complainants and Mr. Sukumar Pattjoshi, Sr. Advocate, assisted by Mr. Paras Choudhary, Advocate, for the opposite party.

2.      Mukul Pareek and Shipra Pareek have filed above complaint, for directing the opposite party to (i) refund Rs.13816458/- with interest @18% per annum, compounded quarterly from the date of respective deposit till the date of refund; (ii) pay Rs.5/- lacs, as compensation for mental agony and harassment; (iii) pay compensation at the rate of Rs.10/- per sq.ft. per month on super area, in terms of Clause-7.2 of the allotment letter; (iv) in alternative, handover possession of the apartment along with interest @18% per annum on the deposit of the complainants w.e.f. November, 2013; and (v) any other relief which is deemed fit and proper in the facts and circumstances of the case.

3.      The complainants stated that M/s. Jaiprakash Associates Limited (the opposite party) was a company, registered under the Companies Act, 1956 and engaged in the business of development and construction of group housing projects and selling its unit to the prospective buyers. The opposite party launched a group housing project,