Business News
Home > Business News
Flat buyers entitled to compensation for delayed possession: SC
TIWN
TIWN

PHOTO : TIWN
New Delhi, Aug 24 (TIWN) The Supreme Court on Monday said the flat buyers are entitled to compensation for delayed handing over of possession and for the failure of the developer to fulfil the representations made to them in connection with the provision of amenities.
“A failure of the developer to comply with the contractual obligation to provide the flat to a flat purchaser within a contractually stipulated period amounts to a deficiency. There is a fault, shortcoming or inadequacy in the nature and manner of performance which has been undertaken to be performed in pursuance of the contract in relation to the service.”
Add your Comment
Comments (0)
More Business News
- Tata’s Boardroom Battle: Why Ratan Tata’s Death Changed the Equation
- Why Is Apple Making iPhone 18 Pro in India and Flying It to America? The Bigger Strategy Behind ‘Made in India’
- Foreign Investors Withdraw Nearly Rs. 3,000 Crore From Indian Equities
- Crude Oil Crosses $100, Raising Pressure on India's Economy
- Indian Stock Market Faces Cautious Recovery After Sharp Sell-Off


