- Location : Sector 41, Noida
- Amount Paid To Builder : Rs. 41,21,118/-
- Relief Sought : Refund With Interest
- Amount Received From Builder : Rs. 7,159,102
Background
Doctor Deepak Roshan, working as a Senior Consulting Practitioner in Apollo Hospitals, Noida, found himself in a real estate dispute where he sought a refund with interest from a builder. Deepak Roshan’s case serves as an exemplary illustration of how Maxleben Advisory provided effective legal solutions to resolve the complex situation.
Deepak Roshan entered into an agreement with the builder on August 10, 2021, expecting to acquire a property. However, as the project faced delays and uncertainties, Deepak Roshan sought legal assistance to secure his investment. In pursuit of justice, Deepak Roshan, with the support of Maxleben Advisory, filed an FIR (First Information Report) on July 15, 2022, at the police station in Loni, District Ghaziabad, Uttar Pradesh, highlighting the builder’s failure to fulfil their obligations.
Legal Remedy
After engaging Maxleben Advisory, a settlement agreement was reached on September 15, 2022, which laid out the terms for Deepak Roshan’s refund with interest. According to the agreement, the builder was obligated to refund the total amount paid by Deepak Roshan, along with the accrued interest.
Refund Details
The total amount paid by Deepak Roshan was Rs. 41,21,118/-. The builder was liable to pay an additional interest of Rs. 30,37,894/-. Consequently, the total refund due to Deepak Roshan amounted to Rs. 7,159,102/-. The settlement agreement stipulated that the builder would pay in six instalments to facilitate the refund process. First Installment: Rs. 17,13,805/- – Due by September 15, 2022, via cheque.
Second Installment: Rs. 17,13,805/- – Due by September 15, 2022, via cheque.
Third Installment: Rs. 3,46,754/- – Due by October 15, 2022, via cheque.
Fourth Installment: Rs. 3,46,754/- – Due by October 15, 2022, via cheque.
Fifth Installment: Rs. 13,67,052/- – Due by October 15, 2022, via cheque.
Sixth Installment: Rs. 13,67,052/- – Due by October 15, 2022, via cheque.
Solution
Thanks to the diligent efforts and legal expertise provided by Maxleben Advisory, Deepak Roshan’s case witnessed a successful resolution. The builder was held accountable for their obligations, and Deepak Roshan received the refund with interest as stipulated in the settlement agreement. This case exemplifies the effectiveness of Maxleben Advisory in advocating for clients and securing their rights in real estate disputes.