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Supreme Court upholds NCDRC order directing NCR-based builder to refund Rs 1 9 crore to homebuyer

Supreme Court upholds NCDRC order directing NCR-based builder to refund Rs 1.9 crore to homebuyer © Vandana Ramnani Supreme Court upholds NCDRC order directing NCR-based builder to refund Rs 1.9 crore to homebuyer The Supreme Court has upheld the National Consumer Disputes Redressal Commission’s order passed against a real estate company to refund Rs 1.19 crore to a homebuyer along with simple interest of 9 percent instead of 10 percent per annum earlier. “The decision of the NCDRC is based on pure findings of fact. Despite receiving an amount of Rs 1.19 crores from the respondent, the appellant put up a case that there was no flat buyer’s agreement. This has been disbelieved. The appellant failed to deliver possession within the contractual period. There is no error in the findings on the basis of which a refund of consideration has been directed,” the Supreme Court said in its order.

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