Runwal Homes to pay Rs 69 lakh as interest for late possession

05 Jul 2021 CW Team

The National Consumer Disputes Redressal Commission has ordered Runwal Homes to hand over a 1,215 sq ft Nahur flat to a Kemp’s Corner family and pay Rs 69 lakh interest, on the amount paid so far.

The commission informed that the builder might adjust the interest amount against the family’s balance payment for the flat.

The opposite party (builder) had to complete the construction and obtain the completion certificate and hand over possession to the flat allottee till March 2016. From the added evidence, it is confirmed that the Building Completion Certificate was issued on July 17, 2019.

The commission said that there is no proof or allegation filed to show that due to force majeure or the reasons specified in the contract, the construction could not be executed within the agreed time.

After the complainants, Arun Kedia and his family, who had already paid Rs 2.3 cr of the total amount of Rs 2.5 cr until August 2015, did not want to pay further until the builder assured possession after the March 2016 deadline terminated, the builder had cancelled the agreement. The commission said that due to lapses on the part of the opposite party (builder), the complainants are bearing a loss. The agreement for sale has been revoked illegally and is mala fide.

The commission said that the agreement claimed that the flat buyers should be given 30 days’ notice in writing before cancelling the agreement. There was no such notice issued. The intimation of cancellation was given through a letter dated March 15, 2017, which was illegal. The complaint was filed in 2017. The agreement date was June 5, 2013, and the possession was to be handed over by March 2016.

Image Source

Also read: UP RERA has decided to organise National Lok Adalat on July 10

Also read: Model Tenancy Act to make an effective rental market place in India

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..