https://www.taxtmi.com/caselaws?id=302855 An allotment letter that remains uncancelled can evidence a concluded agreement for sale, and a later memorandum of understanding for an alternative arrangement will not displace the original transaction if it was never acted upon. On that basis, complaints based on the original allotments were maintainable. Where the project remained incomplete for years, possession was not delivered, and substantial consideration had already been paid, the allottee could withdraw and claim refund with interest and compensation under the real estate framework, with interest to follow the applicable Maharashtra rules. The dismissal of the complaints was set aside and refund with costs directed. en-us Thu, 25 Apr 2019 00:00:00 +0530 Tue, 21 Jun 2022 20:38:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302855 An allotment letter that remains uncancelled can evidence a concluded agreement for sale, and a later memorandum of understanding for an alternative arrangement will not displace the original transaction if it was never acted upon. On that basis, complaints based on the original allotments were maintainable. Where the project remained incomplete for years, possession was not delivered, and substantial consideration had already been paid, the allottee could withdraw and claim refund with interest and compensation under the real estate framework, with interest to follow the applicable Maharashtra rules. The dismissal of the complaints was set aside and refund with costs directed. Case-Laws Indian Laws Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302855