New Delhi Consumer Disputes Redressal Forum, presided by C K Chaturvedi, asked the firm to pay money to Delhi resident Stuti Jain, noting that in many other similar cases also, the firm was deficient and indulging in unfair trade practices.
"We have considered the similar case of Opposite Party (firm) in many other cases, where the Forum has held that OP is deficient in indulging in unfair trade practices by taking money and issuing further demand without allotment, for priority in allotment and forfeiting 50 per cent of deposit while returning it.
While holding the firm guilty deficiency, forum directed TDI to pay the money to Jain.
Jain had told the forum that she had deposited Rs 3,00,000 in February for a booking of a flat. The firm was supposed to alot flat number within six months.
However, instead of making an allotment first, the firm stated that as per policy 50 per cent was being refunded as the registration has been cancelled for not making payment despite demands, she said, adding that she had not received any such reminders.
The forum, however, asked it to pay back the deposited amount to Jain and also a compensation of Rs 50,000.
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
