- Location : Noida, Uttar Pradesh
- Amount Paid To Builder : Rs. 78,13,892/-
- Relief Sought : Refund With Interest
- Amount Received From Builder : Rs. 1,15,68,281/-
Background
Ritu Gupta and Peeyush Gupta entered into a Memorandum of Understanding (MOU) with a builder agent. However, due to unforeseen situations and dissatisfaction with the project’s progress, they decided to seek a refund with interest. As a result, they engaged with Maxleben’s legal representation to handle their case. This case study revolved around relief and restitution sought by the deceived party with interest. Maxleben conducted a detailed analysis of study documents about their legal journey’s key events and milestones. On 5th April 2023, the Hon’ble High Court of Allahabad passed an order regarding the case. The court’s order instructed the District Magistrate to execute the Recovery Certificate (RC) expeditiously within two months. This order was a significant milestone for Ritu Gupta and Peeyush Gupta as it indicated a positive outcome in their pursuit of a refund with interest.
Legal Remedy
The clients’ legal representatives filed the case in the High Court of Allahabad on 30th March 2023. The writ presented detailed arguments and evidence supporting Ritu Gupta and Peeyush Gupta’s claim for a refund with interest. Subsequently, the case underwent the necessary legal processes. The clients received the Recovery Certificate (RC) on 4th August 2021. The total amount mentioned in the RC was Rs. 1,15,68,281/-. The principal amount that Ritu Gupta and Peeyush Gupta were entitled to receive as a refund was Rs. 78,13,892/-, while the interest amount accumulated on the rebate was Rs. 37,54,389/-. Finally, on 8th June 2023, Ritu Gupta and Peeyush Gupta received their final instalment from the Hon’ble Uttar Pradesh Real Estate Regulatory Authority (UP RERA). This marked the successful resolution of their case and the realization of their claim for a refund with interest.
Solution
The case study of Ritu Gupta and Peeyush Gupta’s pursuit of a refund with interest provides insight into their legal journey. Through their legal representation, they secured an order from the High Court of Allahabad, leading to issuing a Recovery Certificate (RC) and eventually receiving their refund with interest. This case highlights the importance of legal recourse for individuals seeking justice in matters of property investment and its positive impact on resolving disputes and securing financial restitution with the help of Maxleben Advisory.