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20
February 2017
The
Supreme Court on Monday asked real estate major Unitech to pay interest to 39
flat buyers who chose to withdraw after the builder's failure to deliver flats
as promised.
The
matter concerns the owners who booked flats in Unitech's Vistas project in
Gurugram in Haryana. The Total
Investment & Insurance Solutions
Justice
Dipak Misra, Justice A.M. Khanwilkar and Justice Mohan M. Shantanagouder gave
the builder eight weeks to deposit the interest at the rate of 14 per cent to
the top court's registry.
The
interest would be calculated from January 1, 2010 till Unitech deposited the
principal amount. The Total Investment
& Insurance Solutions
The
court said 90 per cent of the interest amount that would be deposited with its
registry would be disbursed to the 39 buyers who have opted out. The Total Investment & Insurance Solutions
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