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Builder told to refund upkeep funds to RWA
Hindustan Times Chandigarh
|December 21, 2024
CONSUMER COURT TOLD CITY-BASED REAL ESTATE FIRM TO PAY ₹1.9 CRORE TO RESIDENTS WELFARE BODY
CHANDIGARH: The Punjab Consumer Disputes Redressal Commission has directed a noted Chandigarh-based real estate developer to transfer interest-free maintenance security (IFMS) charges amounting to ₹1.91 crore to a Residents Welfare Association (RWA).
The builder, Sushma Buildtech Limited, through its directors Binder Pal Mittal, Bharat Mittal, Pardeep Kumar and Himanshu Kalra, was also told to pay ₹21,000 as compensation on account of mental agony, and harassment as well as litigation expenses. Complainant Sushma Crescent RWA had filed a complaint seeking IFMS amount of ₹1,91,47,200 for 336 flats.
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