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.