MAYA GUPTA AND SAURABH PRAKASH vs SPAZE TOWER PRIVATE LIMITED THROUGH ITS MANAGING DIRECTOR AND OTHER DIRECTORS
Party Details
- MAYA GUPTA AND SAURABH PRAKASH
- SPAZE TOWER PRIVATE LIMITED THROUGH ITS MANAGING DIRECTOR AND OTHER DIRECTORS
Case Summary
MAYA GUPTA AND SAURABH PRAKASH filed Case No. RERA-GRG-2144-2022 in the Haryana Real Estate Regulatory Authority (RERA) against SPAZE TOWER PRIVATE LIMITED THROUGH ITS MANAGING DIRECTOR AND OTHER DIRECTORS. The case has undergone 11 hearings over 2 years. The case is currently pending. 13 orders have been issued in this matter.
Hearing History (11)
- 9AUG 2024Hearing
Judge: SANJEEV KUMAR ARORA
The respondent is directed to refund the entire amount paid by the complainant along with an interest @11% from the date of each payment till the actual date of refund of the deposited amount as per provisions of section 18(1) of the Act read with rule 15 of the rules, 2017 after adjusting the assured return already paid.
Stage: DISPOSED
- 2AUG 2024Hearing
Judge: SANJEEV KUMAR ARORA
The present complaint was filed on 17.05.2022 with the relief of possession and to restrict the respondent for making any other demands. Vide proceedings dated 12.04.2024 both the parties stated that settlement talks are going on. The respondent has filed an application for non maintainability of the complaint on 01.08.2023 stating the complainants have submitted an application form dated 17.12.2012 to express their interest in getting an allotment however no allotment letter is issued in favor of the complainants and no particular unit was ever allotted to the complainants. And no bba exist. Therefore the complainants are not allottees. An MOU was executed between the parties and in the MOU no unit was allotted so it cannot be termed as an allotment. The complainant has however enjoyed the sum of Rs. 39,12,096/- as assured return paid by the respondent. The complainant has filed reply to the same on 05.01.2024 stating that the complaint requested to execute documents. As per the MOU the respondent agreed to pay a return on investment at a sum of Rs. 60/ sq. ft. as per months to the complainant w.e.f 19.12.2012 .The respondent failed to provide the same The counsel for the complainants states that on 04.01.2013 an MoU was signed by the respondent with the complainant for allotting 750 sq. ft super area in the project situated at Sector 114, Gurugram and an assurance was given to pay assured return from 19.12.2012 till the leasing out of the unit and further stopped paying assured return after March 2020 and stated in reply dated 1.8.2023 that they stopped assured return due to BUDS Act,2019. The counsel for the respondent states that the MoU dated 04.01.2013 was signed by the promoters on investment return plan basis and further it was for a future project. Further stated that there is no allotment made by the promoter, no BBA has been executed, hence the complainant does not fall under the definition of allottee as per section 2 of the Act, 2016. Further stated that at the of application the complainant was well aware as per clause 3 page 19 of the reply that the promoter has accepted the amount on investment return plan basis and it was clearly mentioned in clause-3 that if for any reason whatsoever, the company is not in a position to allot the commercial project applied for the company shall be responsible only to refund the amount deposited with interest @ 9% and the applicant shall have no right, claim interest, monitory or otherwise against the company and the company shall not be liable for any compensation on this account. Further stated that project named for which the complaint has been filed, the respondent is not a promoter of that project as is clear from the copy of registration obtained by the promoter from the RERA authority and hence, neither the respondent is promoter nor the complainant is a allottee, it is a sort of commercial contract between the respondent and complainant and as such RERA has no jurisdiction on that. Arguments heard. Order reserved. Both the parties may file written submissions within 4 days if they wish to do so with an advance copy to each other. Matter to come up on 09.08.2024 for pronouncement of order.
Stage: RESERVED
- 31MAY 2024Hearing
Judge: SANJEEV KUMAR ARORA
The matter is adjourned to 02.08.2024 for the purpose as already fixed.
Stage: PENDING
Orders (13)
- 9AUG 2024orderView Order ↗
Order No: N/A
- 9AUG 2024judgementView Order ↗
Order No: N/A
- 2AUG 2024orderView Order ↗
Order No: N/A