The Supreme Court on Friday ordered real estate major Parsvnath Developers to hand over the possession of a flat in Gurgaon to Union Minister Rajyavardhan Singh Rathore within two days.
The Minister of State for Information and Broadcasting had booked a flat in Parsvnath's Exotica project in Gurgaon in 2006 paying around Rs 70 lakh for it. The flat was to be delivered by 2008-09.
Directing the developer to deliver possession of the flat within two days, the apex court bench of Justice Dipak Misra and Amitava Roy said the question of interest and compensation for the delayed possession shall be taken up by the court at a later date.
The National Consumer Disputes Redressal Commission (NCDRC) earlier in January had directed the builder to refund the principal amount with interest and compensation to Rathore.
Parsvnath Developers Ltd had moved the Supreme Court against the NCDRC's order.
--IANS
pk-and/rn
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app