Chandigarh, Oct. 8 -- For failing to comply with the panel's order and refund money to a homebuyer, the state consumer disputes redressal commission, Chandigarh, awarded three years' jail to the managing director (MD) of a city-based real estate firm Emerging Valley.

The MD Gurpreet Singh Sidhu was also told to pay a fine of Rs.25,000, failing which, he would undergo an additional 15 days in jail. The commission said the period already spent in custody as an undertrial will be set off against the sentence, subject to verification from jail records.

The case arose from a complaint filed by a homebuyer Rashmi Thakur against Emerging Valley Pvt Ltd over its project at Sector 115, on the Kharar-Landran Road. In its October 29, 2021 order, t...