Supreme Court Rules on Mumbai Flat Dispute: Directs Payment of ₹1.4 Crore for Alternate Flat in Worli Project
The Supreme Court upheld the NCDRC's order directing execution of a sale agreement for an alternate flat under MOFA 1963, while modifying financial liabilities. It penalized the builder for violating NCDRC's interim order by alienating the original flat, and balanced equities by capping the buyer's dues at ₹1.4 crore (including taxes/admitted charges) while waiving contested interest/penalties. The judgment enforced consumer rights under MOFA while considering the builder's maintenance costs, and mandated registration within two months of payment. The Court exercised its discretionary powers under Article 142 to resolve the 12-year dispute finally.
Facts Of The Case:
The case involves a dispute between Jawala Real Estate Pvt Ltd (later amalgamated with Macrotech Developers) and homebuyer...