Settlement process between Rathore, builder going on: SC told

The Supreme Court was today informed that the process of arriving at a settlement between Union minister Rajyavardhan Singh Rathore and Parsvnath Developers over possession of a flat in Gurgaon was going on.
"Parties submit that they need some time to put an end to the controversy. The matter is adjourned. The matter be listed on May 5," a bench of justices Dipak Misra, A M Khanwilkar and M M Shantanagoudar said.
A panel of lawyers had told the apex court on February 20 that negotiations between Rathore and the developer were nearing completion and the draft of settlement has been exchanged by the parties.

A two-member committee of lawyers was appointed by the court to look into Rathore's allegations that the flat given to him by the developer was uninhabitable.
The apex court had on December 14, 2016 asked Rathore to sit with the representatives of the builder and settle the dispute amicably.
It had also asked the realty firm to remove deficiencies in the flat as pointed out by Rathore and the SC-appointed panel, which visited the site, and hand it over to the minister.

Rathore had booked the flat in Parsvnath's Exotica project in Gurgaon in 2006 and paid around Rs 70 lakh for it. The firm was to deliver the flat in 2008-09.

The National Consumer Disputes Redressal Commission had earlier directed the builder to refund the principal amount with interest and compensate Rathore.
The apex court had on October 21 last year directed Parsvnath Developers to hand over possession of the flat to Rathore in two days, saying he should not pay any additional amount to the builder.