Parsvnath deposits over Rs.2 crore, seeks SC relief
New Delhi, July 27 -- Facing the prospect of coercive action, including imprisonment of its top management, Parsvnath Hessa Developers Pvt Ltd on Sunday informed the Supreme Court that it has deposited nearly Rs.2.9 crore towards the dues payable to two Gurugram homebuyers and sought the lifting of sweeping restrictions imposed on the company, including the freezing of bank accounts of its directors and senior officials.
In a compliance affidavit filed before the apex court ahead of Monday's hearing, the developer said it had complied with the July 20 order directing it to deposit the entire recoverable amount along with 12% annual interest within a week and urged the court to recall the interim coercive measures.
The company added it has also identified a flat in Parsvnath Exotica that can be handed over to the petitioners by October. The matter is listed before a bench headed by Chief Justice of India Surya Kant on Monday, when the court will examine whether the company has complied with its directions and whether the stringent interim measures, including possible action against its management, need to continue.
The affidavit, sworn by authorised representative Sanjeev Kumar Jain, states that the company has deposited three demand drafts aggregating Rs.2.9 crore with the Supreme Court Registry in compliance with the court's order.
It says the amount represents the delayed possession compensation payable to petitioners Rita Tikku and Lokaish Tikku, calculated in terms of the Haryana Real Estate Regulatory Authority (HRERA) order together with interest up to July 27.
According to the calculation sheet annexed with the affidavit, the principal amount paid bythe Tikkus for their apartment was Rs.1.78 crore, while the delayed possession compensation and interest works out to Rs.2.90 crore....
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