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Supreme Court Orders Parsvnath To Refund Rs 22 Crore To 70 Flat Buyers
The next hearing is scheduled for December 14 Parsvnath has to deposit Rs 10 crore till December 10 Payment of interest by the developer will be later decided by court
18 Oct 2016, 02:33 PM IST 
Project hit a roadblock after Ghaziabad Authority cancelled revised plan of construction.
The Supreme Court on Tuesday directed real estate developer Parsvnath to refund Rs 22 crore to 70 flat buyers in its Exotica project in Ghaziabad.
The buyers, whose flats have not been delivered yet, had approached the top court seeking refund.
According to the court's order, Parsvnath has to deposit Rs 10 crore till December 10. The developer has already deposited Rs 12 crore, according to the court's order last month.
The fl...
