DLF Home Developers’ project allottees get Kerala HC support

17 Jun 2021 CW Team

A division bench comprising justices CT Ravikumar and K Haripal considered appeals filed by DLF Home Developers over the awards favouring allottees of the DLF Riverside project in Kochi at Chilavanoor.

The five flats were promised to be handed over in the year 2010, while one was to be delivered in 2011. The arbitrary claims got filed in 2015. An additional district judge later upheld awards passed by the arbitrator, and the DLF challenged these decisions before the High Court in the appeals.

The claimants booked the flats for the total prices of Rs 1.32 crore, including two car parking spaces; Rs 80.19 lakh; Rs 2.19 crore, including two car parking spaces; Rs 1.48 crore; Rs 2.18 crore, including two car parking spaces; and Rs 1.65 crore.

The arbitrator had given an award of Rs 2.32 crore for the flat of Rs 1.32 crore. An award of Rs 2.6 crore was ordered for the flat of Rs 1.48 crore. The flat of Rs 80.19 lakh got an award of Rs 1.35 crore, whereas the flat worth Rs 2.18 crore secured an award of Rs 3.82 crore. For the flat of Rs 1.65 crore, the award was Rs 2.87 crore, while For the flat of Rs 2.19 crore, the award was Rs 3.45 crore.

The division bench told the media that it does not find any reason to hold that the awards are infected with patent illegality as alleged. The court said that there is no illegality at all in the awards. The High Court said that the arbitrator did not award any compensation and ordered only a refund of the principal amount with interest.

Image Source

Also read: RBI bars DHFL from taking deposits under Piramal management

Also read: 25 Housing projects in Mumbai halted over BMC, realtor dispute

The Kerala High Court dismissed six of the appeals filed by the Delhi Land and Finance (DLF) over arbitration awards to returning money paid by six flat allottees with interest as flats, as promised, were allegedly not handed over. The prices of the apartments ranged from Rs 80 lakh to Rs 2.18 crore. A division bench comprising justices CT Ravikumar and K Haripal considered appeals filed by DLF Home Developers over the awards favouring allottees of the DLF Riverside project in Kochi at Chilavanoor. The five flats were promised to be handed over in the year 2010, while one was to be delivered in 2011. The arbitrary claims got filed in 2015. An additional district judge later upheld awards passed by the arbitrator, and the DLF challenged these decisions before the High Court in the appeals. The claimants booked the flats for the total prices of Rs 1.32 crore, including two car parking spaces; Rs 80.19 lakh; Rs 2.19 crore, including two car parking spaces; Rs 1.48 crore; Rs 2.18 crore, including two car parking spaces; and Rs 1.65 crore. The arbitrator had given an award of Rs 2.32 crore for the flat of Rs 1.32 crore. An award of Rs 2.6 crore was ordered for the flat of Rs 1.48 crore. The flat of Rs 80.19 lakh got an award of Rs 1.35 crore, whereas the flat worth Rs 2.18 crore secured an award of Rs 3.82 crore. For the flat of Rs 1.65 crore, the award was Rs 2.87 crore, while For the flat of Rs 2.19 crore, the award was Rs 3.45 crore. The division bench told the media that it does not find any reason to hold that the awards are infected with patent illegality as alleged. The court said that there is no illegality at all in the awards. The High Court said that the arbitrator did not award any compensation and ordered only a refund of the principal amount with interest. Image Source Also read: RBI bars DHFL from taking deposits under Piramal management Also read: 25 Housing projects in Mumbai halted over BMC, realtor dispute

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..