Bombay HC upholds Rs 5 crore compensation awarded by the Maharashtra RERA Adjudicating Authority [Read Order]

The promoters, Renaissance Infrastructure, was ordered to pay the amount initially awarded by the RERA Adjudicating authority within 4 weeks failing which the disputed property would be attached for sale.
Bombay High Court
Bombay High Court

The Bombay High Court recently affirmed the dismissal order of Maharashtra RERA Appellate Tribunal. The Court directed compliance with Maharashtra RERA Adjudicating Authority order directing payment of Rs. 5 crores compensation payable to a party who had not been handed over the possession of certain property even after a delay over around 80 months.

The order was passed by Justice SC Gupte, who dismissed a second appeal in the matter filed by Renaissance Infrastructure Ltd. i.e. the promoters, who were represented by Senior Advocate Prasad Dani along with Advocate Sachin Pawar.

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