NCDRC directs Parsvnath refund, monitors payments

27 Nov 2023 CW Team

At a certain point in time, it was observed by the National Consumer Disputes Redressal Commission (NCDRC) that consumers often complain about the non-implementation of orders issued by consumer commissions. As a result of continuous monitoring, the NCDRC compelled a real estate major to pay approximately Rs 80 lakh in compensation to a flat buyer.

In a recent series of orders, the NCDRC took strong action against Parsvnath Developers, who had failed to provide a refund and compensation for a delay to a resident of Delhi. This occurred more than three years after the commission had directed the builder to reimburse the payment made by the flat buyer along with interest.

Notably, the NCDRC bench, consisting of Subhash Chandra and Sadhna Shanker, clarified in a recent decision on November 17 that if two cheques totalling Rs 1.5 million, provided by the developer, were not honoured, the builder would be charged a daily cost of Rs 5,000. The order stated, "He also undertakes that the cost of Rs 10,000 imposed on the last date shall be deposited during the course of the day, and proof of payment will be filed." A similar penalty had been imposed earlier to ensure compliance.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..