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Arrest Warrant by RERA against Ansal directors for not refunding to homebuyer

 


CA Ramesh Agrawal

Real Estate Regulatory Authority (RERA) has ordered for the issuance of Arrest Warrant against the directors of Ansal Housing Limited for noncompliance of an earlier order to refund to Homebuyers.

RERA has ordered Ansal Housing Director’s to pay Rs. 5 Crores along with interest @ 9.3% to Mr. Rajeev Sharma & 4 other members, who complained against the directors.

Mr. Sharma & other complainants were buyer of flats in Ansal Heights in Sector 86 launched in 2010. Project having 750 Units was supposed to be completed by 2014.

According to earlier order, Ansal neither refunded the money nor filed any appeal against the directive despite many reminders. Summon has been issued to the Manager of the company.

RERA earlier ordered to attach the Bank Account of the Developer, but it was informed that the Bank Account did not have any balance. The Developer was then asked to submit all the details of the Assets. Talking about the latest order, a person on behalf of the company said that they are in touch with the complainants to finally resolve the issue.


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  1. liam7oliva16 May 2022 at 22:55

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  3. Krithika30 May 2022 at 00:30

    Real Estate Regulatory Authority (RERA) has ordered for the issuance of Arrest Warrant against the directors of Ansal Housing Limited for noncompliance of an earlier order to refund to Homebuyers.

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