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Business News/ Politics / Policy/  SC tells Parsvnath to give flat to Rajyavardhan Singh Rathore in 2 days
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SC tells Parsvnath to give flat to Rajyavardhan Singh Rathore in 2 days

The SC said the issue of compensation to be paid by Parsvnath to minister Rajyavardhan Singh Rathore for the delayed possession would be dealt with later

Rathore had booked a flat in Parsvnath’s Exotica project in Gurgaon in 2006 and paid around Rs70 lakh for it. Photo: Pradeep Gaur/ MintPremium
Rathore had booked a flat in Parsvnath’s Exotica project in Gurgaon in 2006 and paid around Rs70 lakh for it. Photo: Pradeep Gaur/ Mint

New Delhi: The Supreme Court (SC)on Friday directed Parsvnath developers to hand over possession of a flat in its Gurgaon project to minister of state for information and broadcasting Rajyavardhan Singh Rathore in two days.

A bench comprising justice Dipak Misra and justice Amitava Roy said “the possession of flat shall be handed over to the respondent in two days", adding that Rathore should not pay any more amount to the developer.

The apex court said the issue of compensation to be paid by the realty firm to Rathore for the delayed possession would be dealt with at a later stage of the hearing.

During the hearing, counsel appearing for the builder said the flat was ready and they could handover possession.

Rathore had booked a flat in Parsvnath’s Exotica project in Gurgaon in 2006 and paid around Rs70 lakh for it. The firm was to deliver the flat in 2008-09. In January this year, the National Consumer Disputes Redressal Commission (NCDRC) had directed the builder to refund the principal amount with interest and compensation to Rathore. Earlier, the apex court had rapped real-estate firms for making tall claims to purchasers which remained unfulfilled due to inordinate delay in completing the housing projects. The court had on October 18 directed the SC registry to disburse Rs12 crore, deposited by real estate firm Parsvnath Buildwell Pvt. Ltd, to 70 home buyers on pro-rata basis after proper identification. It had also directed the firm to deposit Rs10 crore by 10 December with the Supreme Court registry.

The apex court’s observation had come after Parsvnath Buildwell had said it would give the flats to 70 home buyers, who are before the court, by 17 December.

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Published: 21 Oct 2016, 04:54 PM IST
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