Vidya vs M/S Parsvnath Developers Ltd

The Supreme Court upheld the order of the National Consumer Disputes Redressal Commission directing M/s Parsvnath Developers Limited to refund the amount of Rs. 1,30,62,971/- with interest at 9% due to the developer's failure to deliver possession of the flat within the stipulated time as per the Flat Buyer Agreement. The Court emphasized that the unilateral transfer of the flat by the developer constituted a breach of contract under the Consumer Protection Act, 2019. The ruling reinforces the obligation of developers to adhere to timelines in property transactions and protect consumer rights.