Consumer Issues
Deposit Rs 12 crore for delay in handing over flats, SC tells builder
The Supreme Court on Thursday asked real estate builder Parsvnath Buildwell to deposit Rs 12 crore with its registry as interest-bearing short-term deposit for delay in handing over possession to 70 flat buyers in a Ghaziabad project.
 
"We are inclined to direct the appellant (Parsvnath Buildwell) to deposit Rs 12,00,00,000 before the court registry within four weeks. The amount shall be kept in an interest-bearing short-term deposit in the UCO Bank on Supreme Court premises," said a bench of Justice Dipak Misra and Justice C. Nagappan in its order.
 
The court directed flat buyers' counsel M.L. Lahoty to obtain instructions from his clients as to whether they would accept a quantified monthly rent and the pro-rata interest accrued on the deposit and a deadline till December 31, 2017, to get possession of flats.
 
These flat buyers in Parsvnath Exotica's housing project had also approached the National Consumer Disputes Redressal Commission on the issue.
 
The order came as senior counsel Kapil Sibal, appearing for Parsvnath Buildwell, told the bench that they would hand over the possession of flats by December 2017 and in the meantime the buyers would be given monthly rent they were paying for their present accommodations.
 
The court directed for the next hearing in the matter on September 18.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Lokesh Mishra

8 months ago

I think individuals have a trepidation of losing their well-deserved cash as there are long defers in the undertaking and it requires a considerable measure of investment to settle on a decision. I have run over a site where you can think about numerous properties in the meantime and get top to bottom points of interest of these projects (www.propsurf.com)

N.Hanumanta Rao

8 months ago

As in the above case, the Hon'ble Supreme Court should take up suo
motto the untold misery, distress and squalor of thought of senior citizens who have parked their hard earned money at the time of retirement in public listed, traded stocks of Companies which were paying dividends and had huge reserves. Such companies have not repaid the maturity amounts.

US officially recalls Samsung Galaxy Note 7
Washington: The US government on Thursday officially recalled the Samsung Galaxy Note 7 smartphones after dozens of reported cases in which batteries exploded or caught fire.
 
The US Consumer Product Safety Commission said in a recall notice that the move will include about one million units of Note 7 that were sold prior to Thursday.
 
"Consumers should immediately stop using and power down the recalled Galaxy Note 7 devices purchased before September 15, 2016, " the notice said.
 
"Contact the wireless carrier, retail outlet or Samsung.com where you purchased your device to receive free of charge a new Galaxy Note 7 with a different battery, a refund or a new replacement device."
 
The notice noted that Samsung has received 92 reports of the batteries overheating in the United States, including 26 reports of burns and 55 reports of property damage, including fires in cars and a garage.
 
Globally, the South Korean has sold about 2.5 million units of Note 7 since the device was officially released in August.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Reliance Jio now says operators violating portability norms
New Delhi: Reliance Jio has sought the industry watchdog's intervention over the three main telecom operators -- Airtel, Vodafone and Idea -- refusing to allow porting of their subscribers to its network, in an alleged disregard to licensing norms.
 
"Reliance Jio Infocomm, vide letters dated September 2, 2016, sent individually to Bharti Airtel, Idea and Vodafone, who are the incumbent dominant operators, informing them that Reliance Jio would be commencing its services from September 5," the company said in its letter.
 
"In spite of being under legal and contractual obligation to port the numbers after a valid request is made, the incumbent dominant operators have rejected all the requests made for porting between Sep 5 to Sep 12," said the letter to the Telecom Regulatory Authority of India (TRAI).
 
The letter said against 201 total requests made to the three operators -- to Airtel the most, followed by Idea and then Vodafone -- 161 of them have violated the contractual obligations and eight were subject to wrong coding, among other issues.
 
None were successfully completed, it said, and elaborated upon the portability regulations.
 
IANS sent queries to all the three operators. Vodafone and Idea did not respond. Airtel's spokesperson said in a one-line written response that the company was processing all porting requests as per guidelines.
 
"Please note that these rejections are in addition to the rejection of mobile number portability request of 4,919 corporate mobile numbers issued to employees and members of Reliance Industries Group by Bharti Airtel in August 2016," the Reliance Jio letter said.
 
"Reliance Jio sincerely requests that the TRAI take serious cognizance of this complaint and intervene by taking strict action against incumbent dominant operators under the relevant provisions of the mobile number portability regulations and the unified licence," it said.
 
The letter comes just as the incumbent operators and Reliance Jio appeared to be in the process of settling their differences over providing enough points of inter-connect for calls from the latter's network to go through to their own subscribers.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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