In the case of flats booked almost 20 years ago, the builder had nine years ago undertaken, in consent terms filed before the HC, to deliver possession, within nine months, of two flats to a buyer couple who had petitioned the court.
The Bombay High Court directed the developer to pay Rs. 4 crore within six weeks to purge contempt, 1 crore already deposited and the developer is required to pay remaining Rs. 3 crore within six weeks.
The Central Bureau of Investigation (CBI) in its charge-sheet lodged in the Rs34,615 crore DHFL loan fraud case has said that the accused created 87 shell companies and 2,60,000 fake borrowers to launder money.