NCLAT: Section 43(1) of IBC applicable when Corporate Debtor has given a preference in transaction  ||  AP HC Declines Stay on Govt. Memo Permitting Higher Rate for Premiere of Pushpa 2 Movie  ||  SC: Amended Regulations Not Bind State University Affiliated Institutions without State Adoption  ||  MP High Court Issues Guidelines for Safe Travel of School Children  ||  Cal. HC: Bail Cannot be Denied on Account of Restrictive Statutory Provisions in Penal Statute  ||  SC: Police Verification Report of Selected Candidates Must be filed within 6 Months of Appointment  ||  SC: Intent of S.50 is to Inform Suspect of Option to be Taken to Officer Other Than Search Party  ||  SC: Amended Regulations Not Bind State University Affiliated Institutions without State Adoption  ||  Rajya Sabha Passes the ‘Bharatiya Vayuyan Vidheyak, 2024’  ||  Del. HC: It’s a Disturbing Trend of Exploiting Social Media Platforms for Committing Sexual Offences    

Manjeet Kaur Monga v. K.L. Suneja and Ors. - (Competition Appellate Tribunal) (03 Aug 2015)

Cancelling allotment for non-payment of installments towards delayed construction constitutes unfair trade practice

MANU/TA/0040/2015

MRTP/ Competition Laws

In a case where the Complainant stopped depositing installments towards a flat for failure to complete construction within the stipulated time, the Tribunal held the Respondent's act of cancelling the allotment to be an unfair trade practice. Despite demands for information by the Complainant, the Respondents had failed to respond to her communications and keep her apprised about the progress made. The Tribunal held the Complainant to be justified in stopping payment of further installments. Though it had authority to award compensation to the Complainants, the Tribunal could not compel the Respondents to grant physical possession of the flat to the Complainant.

Relevant : Ghaziabad Development Authority Vs. Ved Prakash Aggarwal MANU/SC/7712/2008 V.N. Bharat Vs. DDA and another MANU/SC/8009/2008

Tags : DELAYED CONSTRUCTION   INSTALLMENT   CANCELLATION  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved