Judgement 2020-09-08 read more...
Lotus Arena Buyers Association- LABA initiated filing of Consumer Complaints with NCDRC in Sept/Oct' 2019 against builders of Two Projects viz.On 8th Sept'20 NCDRC disposed off a batch of 16 complaints filed by homebuyers of houses in project LOTUS ARENA II , Noida, which is being developed by builder PIYUSH IT SOLUTIONS PVT LTD.
The cases were heard through Video conferencing by Justice V.K Jain. The judgment came as huge relief to the home buyers who were now losing their faith in the project of the above builder. The judgement gave them the desired relief wherein it was held that the builder will complete the construction of the houses in the project within 12 months and hand over possesison thereafter with occupancy certificate. Further for the period of delay, compensation in form of simple interest @6 % will be paid to each complainant. If, the possesison is not offered, then the entire amount paid by the buyers would be liable to be refunded along with 9 percent simple interest.
The lawyer appearing on behalf of the builder, during the course of the arguments, had sought 12 months time for the completion of the houses which was agreed by Shri Sushil Kaushik who represented the home buyers.
Cost of 25k has also been awarded to each Complainant.
The above order has been passed during the COVID period when physical hearings in courts have been restricted and the cases are being taken up only through Virtual Hearings.
Judgement 2020-09-08 read more...