Compensation on Builder as per RERA if is Delay in Handing Over Possession

Renaissance Infrastructure through its Partners Vs. Shri Parth B. Suchak (Bombay High Court) The issue under consideration is whether Compensation will be levied on to the builder as per RERA if there is a delay in handing over the possession to the purchaser? High Court states that none of the grounds urged by appellant bears on the liability of the Appellant herein to make a pre-deposit under the proviso of sub-section (5) of Section 43 of the Act. The Appellant has been developing plots of land and entered into an agreement for allotment and sale of six plots within the project, together wi...