The Bombay High Court bench, comprising of Justice Sandeep V. Marne, has held that promoters who are part of a real estate project but haven t received any consideration from the allottee will.
The MREAT had directed the developer, CCI Projects Private Ltd, to deposit 100 per cent amount, which includes 9 per cent interest, penalty and litigation costs.
Observing that the complaint was maintainable, MahaRERA member Vijay Satbir Singh said the home buyer had filed his complaint on June 11, 2018 and on that date, the OC had not been obtained and the project was incomplete.