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february 2024

Supreme Court of India · 2024-02-22

Venkataraman Krishnamurthy vs Lodha Crown Buildmart Pvt. Ltd

Court
Supreme Court of India
Petitioner
Venkataraman Krishnamurthy
Respondent
Lodha Crown Buildmart Pvt. Ltd
Author
Sanjay Kumar
Bench
Sanjay Kumar, Aniruddha Bose

Judgment text excerpt

The Supreme Court upheld the NCDRC's order directing the respondent-company to deliver possession of the apartment within three months and to rectify any deficiencies identified during a joint inspection. The Court emphasized that the respondent must adhere to the terms of the Agreement to Sell dated 29.11.2013, including the payment of applicable taxes and charges. The Court also affirmed the compensation for delay at a rate of 6% per annum, establishing the principle that consumers are entitled to timely possession and compensation for delays in real estate transactions under the Consumer Protection Act, 2019.

Venkataraman Krishnamurthy vs Lodha Crown Buildmart Pvt. Ltd · Niyam