Monday, Jan 30, 2023
string(29) "enable_budget_2023_top_widget" bool(false) string(7) "testing" bool(false)

Emerging Valley MD sent to three years’ imprisonment for non-compliance

The commission had directed the real-estate firm to refund Rs 36 lakh with an interest of 12 per cent per annum from January 7, 2014

The State Consumer Disputes Redressal Commission Monday sentenced the Managing Director (MD) of Emerging Valley Private Limited Gurmeet Singh to three years of imprisonment for not complying with the orders passed by the Commission on February 17.

The commission had directed the real-estate firm to refund Rs 36 lakh with an interest of 12 per cent per annum from January 7, 2014, to complainants Naveen and Sachin Goel along with Rs 50,000 as costs of litigation.

However, the company didn’t comply with the orders and a complaint was filed by the them on May 5, this year.

Residents of Ambala City, the Goel’s in their complaint stated that they had booked a residential plot measuring
200 square yards in the project floated by the company in the name of Emerging Valley,which is located at Mohali’s Landra Banur Road.

Subscriber Only Stories
Using evidence will create strong foundations for the future of education...
Liberal Arts Education: Need of the Time
3 Important Tips To Avail Instant Pre-Approved Personal Loan

The company also confirmed allotment of the plot and receipt of Rs 8.37 lakh as booking amount, against sale price of the plot i.e. Rs 27.90 lakh, after giving a 10 per cent discount on the basic sale price of Rs 31 lakh in writing.

The Goel’s paid a sum of Rs 26.57 lakh to the company and on January 11, 2012, offered them they want to buy back the plot in question after two years from the date of draw i.e. December 3, 2011, at Rs 18,000 per square yard.

Thereafter, the complainants approached the builders for buyback of the unit in January 2014, who told the complainants to give a written request for the offer.


The Goel’s then gave a written request to the builder, which was duly received by their employee.

The complainants visited at their office numerous times after giving the request seeking refund of the deposited amount, but the company delayed the matter on one pretext or the other, following which the Goel’s filed a case in the consumer courts on September 16, 2015.

The real estate company, however, denied that any commitment and assurance were made and stated that after discount of 10 per cent the complainants were to make a total payment of Rs 27.90 lakh and not Rs 26.57lakh as alleged.

First published on: 30-08-2016 at 07:29 IST
Next Story

Theatre practitioner takes up initiative to reach out to people through storytelling in contemporary form

Latest Comment
Post Comment
Read Comments