Profiteered amount to be paid in instalments, while interest, penalty proceedings and wider investigation were stayed pending further hearing.

The petitioner was directed to pay the principal profiteered amount to flat buyers in six equated instalments on a proportionate basis, while the interest component, penalty proceedings, and further investigation into other projects and group companies were stayed until further orders. The matter was listed for further hearing on the next date, leaving the interim arrangement in force pending reconsideration.

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Issues: Direction to pay the principal profiteered amount in instalments, and interim stay of the interest, penalty proceedings, and investigation into other projects and group companies.

Outcome: The petitioner was directed to pay the principal profiteered amount in six equated instalments to the flat buyers proportionately, while the interest amount, penalty proceedings, and further investigation were stayed till further orders. The matter was directed to be listed on the next date for further hearing.

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