Gujarat State Commission Holds Oriental Insurance Co. Liable For Wrongful Settlement Of Claim

The State Consumer Disputes Redressal Commission, Gujarat bench of Mr RN Mehta (Presiding Member) and Ms PR Shah (Member) held the 'Oriental Insurance Company Limited' liable for unjustifiably settling the claim at a lower value after deducting 75% of the insured's stock value, based on insufficient data. Brief Facts: The Complainant ran a manufacturing unit (“factory”) for...

Haryana RERA Directs Parsvnath Developers To Pay Delay Interest And Execute Conveyance Deed In Favour Of Homebuyer

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed Parsvnath Developers Limited, the builder, to pay delay interest and execute the conveyance deed in the favour of homebuyer. As per the agreement the builder was supposed to handover possession to the homebuyer by April 2011. A conveyance deed is a legal document that...

MahaREAT Dismisses Homebuyer's Application For Condonation Of 298-Day Delay In Filing Appeal

Maharashtra Real Estate Appellate Tribunal (Tribunal) Bench, comprising SS Shinde (Chairperson) and Dr. K. Shivaji (Technical Member), has dismissed the homebuyer's application for condonation of a 298-day delay in filing the appeal before the Tribunal. The homebuyer appealed the Maharashtra Real Estate Regulatory Authority (Authority) order dated October 27, 2021. According...

Kerala RERA Orders Builder To Pay ₹75,000 To Homebuyer For Failing To Provide Permanent Car Parking Slots

Kerala Real Estate Regulatory Authority (Authority), Adjudicating officer Bench, comprising KS Sarath Chandran (Adjudicating Officer), has directed the builder to compensate the homebuyer with ₹75,000 for failing to construct permanent car parking slots despite having collected the payment. Background Facts The Homebuyer (Complainant) is the owner of flat No. 8E on the 8th floor...

Delay In Handing Over Possession, Rajasthan RERA Adjudicating Officer Orders Compensation of ₹1 Lakh To Homebuyer For Financial Loss

Rajasthan Real Estate Regulatory Authority (Authority), Adjudicating officer Bench, comprising Justice RS Kulhari (Adjudicating Officer), has directed the builder to compensate the homebuyer with ₹1 lakh for financial losses and ₹50,000 for mental and physical suffering. Background Facts The homebuyer (Complainant) booked a flat in the builder's (Respondent) project named...

Appeal/Revision Against NCDRC Order Lies With Jurisdictional High Court: Delhi High Court Reiterates

The Delhi High Court has observed that the order passed by the National Consumer Disputes Redressal Commission (NCDRC), while considering an appeal or revision against the order of a State Commission other than the State Commission of Delhi, cannot be challenged before it as it lacks jurisdiction over such cases.It observed that the challenge to such an order lies with the 'jurisdictional...

Failure To Make Timely Payments, MahaRERA Directs Homebuyer To Pay Rs. 1.18 Crore with Interest To Transcon Developers

Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member – I), has directed the homebuyer to pay the due amount of Rs. 1.18 crore with interest to Transcon Developers Private Limited, the builder, after the homebuyer failed to make timely payments. Background Facts On October 10, 2020, the homebuyer (Respondent) booked flats in...

CCI Approves Proposed Merger Of Tata Motors Finance Limited With Tata Capital Limited

Competition Commission of India (CCI) has approved the proposed merger of Tata Motors Finance Limited (TMFL) with Tata Capital Limited (TCL). This merger was approved during the meeting held on June 4, 2024, by the Board of Directors of Tata Motors Limited (TML), Tata Capital Limited (TCL), and Tata Motors Finance Limited (TMFL). The proposed merger involves the integration of TMFL...

Failure To Hand Over possession In Time, MahaRERA Directs Solitaire Palms To Refund Amount To Homebuyer

Maharashtra Real Estate Regulatory Authority (Authority) bench, comprising Mahesh Pathak (Member – I), has directed M/s. Solitaire Palms, the builder, to refund the homebuyer's amount with interest after the builder failed to deliver possession of the flat within the promised timeframe. Background Facts The homebuyer (Complainant) purchased a flat in the builder's...

Telangana RERA Orders Refund To Homebuyers Association For Non-completion Of The Project Within Promised Time

Telangana Real Estate Regulatory Authority (Authority) bench, consisting of Justice Dr. N. Satyanarayana (Chairperson), K. Srinivasa Rao (Member), and Laxmi Narayana Jannu (Member), has directed M/s Sahiti Infratec Ventures India Pvt. Ltd., the builder, to provide a refund to the homebuyers after concluding that the project cannot be completed within the promised time stipulated under...

Haryana RERA Directs Pareena Infrastructures To Refund Homebuyer's Money, After Deducting 10% As Earnest Money

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed M/s Pareena Infrastructures Pvt Ltd, the builder, to refund the amount paid by the homebuyer, after deducting 10% of the total cost of the flat as earnest money. The complaint was filed by the homebuyer after the builder forfeited the paid-up amount due to the cancellation of...

Haryana RERA Directs Ninaniya Estates To Pay Interest And Assured Returns To Complainant

Haryana Real Estate Regulatory Authority (Authority) bench, comprising Ashok Sangwan (Member), has directed Ninaniya Estates Ltd, the builder, to pay interest and assured returns to the complainant who had booked a retail shop and was expecting possession by 16.11.2021. Earlier in 2012, the complainant had booked a suite in the builder's project named Prism Executive Suites. However,...