SC directs Unitech to refund Rs 15 crore to investors in Gurugram project
On 17 August, the Supreme Court asked Unitech to refund Rs 15 crore to investors in a Gurugram project.
The SC has directed the real estate company to pay Rs 5 crore in 2 weeks and the balance by the end of September.
However, Unitech had earlier told the Apex Court that they will not be able to refund the money.
"We don't have money. If we had money, we would have constructed the flats and buildings and given to them," senior advocate AM Singhvi, the counsel for Unitech Ltd, had told the Supreme Court.
More than two dozen home buyers of Unitech's projects in Noida and Gurgaon have approached the National Consumer Disputes Redressal Commission (NCDRC) after the builder failed to give them possession of the flats as scheduled.
The consumer forum had asked the real estate firm to refund the money to home buyers with interest.
--With PTI inputs
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