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25
April 2017
The
Supreme Court on Monday asked real estate major Unitech to deposit interest on
the money paid by flat buyers at its project at Gurugram by May 8, cautioning
it that failure to deposit the interest may invite attachment of its property.
Refusing
more time to the realtor, the bench of Justice Dipak Misra and Justice A.M.
Khanwilkar said: "Let these matters be listed for May 8 by which time
amount as directed on earlier occasions shall be deposited failing which this
court may think of attaching the property of the appellant company." The Total Investment & Insurance Solutions
The
top court by its February 20 order had directed Unitech to pay interest at the
rate of 14 per cent to 39 flat buyers at its Vistas project but who later chose
to withdraw and sought both payment of their principal amount and interest
thereon. These flat buyers had paid Rs 16.55 crore to the builder and had
sought both the principal amount and the interest thereon after builder did not
handover the possession of the flats as promised by 2012.
"Let
the money come", the bench said as counsel for the real estate major
sought more time to deposit the interest amount as directed by the court by its
February 20 order.
The
court had said that interest would be calculated from January 1, 2010 till
Unitech deposited the principal amount with the top court registry. The court
had on February 20 said that 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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