https://www.taxtmi.com/caselaws?id=757688 The SC dismissed the appeal in a consumer dispute involving property allotment. The respondent company, despite being in real estate business, was held to be a consumer as the flat was purchased for personal residence of a director's family, not for commercial purposes. The court found the appellant guilty of unfair trade practice and deficiency in service due to double allotment and unjustified cancellation with forfeiture of deposited amount. The SC upheld NCDRC's direction to refund Rs. 7,16,41,493/- with 6% interest, directing immediate payment of Rs. 3 crore within two weeks and balance by December 31, 2024, with recovery powers to Collector if defaulted. en-us Fri, 23 Aug 2024 00:00:00 +0530 Fri, 30 Aug 2024 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757688 The SC dismissed the appeal in a consumer dispute involving property allotment. The respondent company, despite being in real estate business, was held to be a consumer as the flat was purchased for personal residence of a director's family, not for commercial purposes. The court found the appellant guilty of unfair trade practice and deficiency in service due to double allotment and unjustified cancellation with forfeiture of deposited amount. The SC upheld NCDRC's direction to refund Rs. 7,16,41,493/- with 6% interest, directing immediate payment of Rs. 3 crore within two weeks and balance by December 31, 2024, with recovery powers to Collector if defaulted. Case-Laws Indian Laws Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757688