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This is an archive article published on October 11, 2011

Refund customers’ money: Court to realtor

Petitioners invested money after company's assurance that the project would start soon.

A Noida-based realtor firm,facing probe for allegedly duping its customers,has been ordered by a Delhi court to refund Rs 35.32 lakhs to its three customers for its failure to deliver them the flats and plots booked with it.

Additional District Judge Nivedita Anil Sharma also asked Green City Build Tech Ltd to refund its customers the money with an 11 percent interest on the booking amount from the date of the filing of the petition.

ADJ Sharma passed the orders on three separate civil suits filed by the two investors who alleged that despite the money paid in advance,the Noida-based builder neither gave them the property nor refunded the money.

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“In view of the facts and circumstances of the case,a decree of Rs 15.25 lakh under provisions of Civil Procedure Code along with future interest at the rate of 11 percent per annum from the filing of the suit till the realisation is hereby passed in favour of the plaintiff and against the defendant,” the ADJ said passing identical orders in two other suits for Rs 15.26 lakh and 4.81 lakh.

Delhi resident Atul Chander Paul had filed two cases through his son and daughter in whose name he had invested Rs 15.25 lakh each and another suit was filed by Gurgaon resident Indra Mathur who had invested Rs 4.81 lakh for the plots at Bhiwadi and Dharuheda on Delhi-Jaipur highway.

The petitioners said they had invested the money after the company’s assurance that the project would start soon and in case of any delay their money will be refunded with interest.

They said none of them,however,was either delivered the plots despite a lapse of several months or paid back their money even after repeated requests and legal notices.

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In their civil suits for recovery of their money,the three customers said the Noida-based developer had advertised in June 2006 about the sale of plots in a project in Daruheda and Bhiwadi and several hundred people had invested in the project.

Later,the investors alleged Green City did not have the licence to develop the township and it had been selling the land illegally,prompting Economic Offences Wing of Delhi police to lodge criminal cases of cheating and forgery etc against the firm on complaints by its duped customers.

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