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The Pune Additional District Consumer Disputes Redressal Forum has directed a city-based builder to repay the advance he had received from a customer, as he failed to deliver the flat booked by the customer.
Anant Shankar Keskar had booked a flat in a scheme in Dhankawdi developed by Shree Sai Construction on 24 September 2010, by paying Rs4.5 lakh. The total cost of the flat was agreed at Rs37 lakh, of which Rs10 lakh was to be paid by cash and the rest by cheque. An agreement for sale of the flat was duly registered.
Since Mr Keskar could not pay the rest of the money in time, the builder sold the flat saying that the customer forfeited Rs4.5 lakh. According to the builder, the forfeiture was as per the clause in the agreement for sale. The Forum rejected the argument that the customer had surrendered the right to get back the money he had paid to the builder if the agreement became void for any reason. “In fact, it was wrong and illegal to insert such a clause in the agreement of sale,” the Forum observed. It, therefore, held that the builder should pay Mr Keskar Rs4.5 lakh along with interest @18%pa (per annum) and a compensation of Rs25,000 for mental and physical harassment. The Forum also ordered the builders to pay Rs2,000 to Mr Keskar as cost of litigation.
Eight telecom operators, including Bharti Airtel, Vodafone and Reliance Jio Infocomm, are in the fray in the auction from which the government expects to garner at least Rs11,300 crore
The third round of the telecom spectrum auction opened on Monday with bids pouring in for all 22 circles or zones in the 1,800 MHz band and all three zones in the 900 MHz band.
“Till now, four rounds of bidding have been completed. Bids have been received in all 22 service areas in the 1,800 MHz band and in all three service areas in the 900 MHz band. Thus, bidding has taken place in all the service areas in both bands,” an official statement said.
Eight telecom operators, including Bharti Airtel, Vodafone and Reliance Jio Infocomm, are in the fray in the auction from which the government expects to garner at least Rs11,300 crore in the current financial year.
The auction started as planned after the Supreme Court refused to interfere with the order of the telecom tribunal dismissing the pleas of Bharti Airtel, Vodafone, Loop and Idea for a stay on the spectrum auction and extension of their licences by another 10 years.
The Department of Telecom (DoT) has put on the block about 385 MHz of radio waves in the 1800 MHz band and 46 MHz in the 900 MHz band.
Normally, six to seven rounds of bidding take place in a day with each round of 60 minutes. There is a 20-minute break between rounds.
The government is conducting this third round of spectrum auction following a Supreme Court order in the 2G case directing that all radio waves freed from the cancellation of 122 licences in February 2012 should be auctioned.
Besides, the 900 MHz has to be auctioned as some of the radio waves in this band are held under old telecom licences, which will start expiring from November 2014.
The 3G auction in 2010 lasted for 34 days, while the offer in November 2012 lasted for two days and the sale in March last year lasted for only one day.
In November 2012, Rs9,407 crore of bids were received for spectrum worth Rs28,000 crore that was offered.
In March 2013, no GSM operators bid at the auction and only CDMA operator Sistema Shyam bought spectrum of about Rs3,600 crore in eight of the 21 service areas.
Vodafone needs to get spectrum in Delhi, Mumbai and Kolkata; Airtel in Delhi and Mumbai, and Loop Mobile in Mumbai to continue operations as their licences expire in November.
The fovernment is hopeful that all the spectrum offered will be sold in the auction.
The government has set a target of Rs40,874.50 crore for this fiscal from spectrum, including the auction amount, one-time spectrum charge and annual regular licence fee.