SC Orders Refund with interest to Flat Buyer as Builder Failed to Offer Fit-Out Possession Within Agreed Date

Venkataraman Krishnamurthy and another Vs Lodha Crown Buildmart Pvt. Ltd. (Supreme Court of India) The Supreme Court, in Venkataraman Krishnamurthy and another v. Lodha Crown Buildmart Pvt. Ltd., held that the terms of a written agreement governing possession and termination rights are binding on both parties and cannot be rewritten by consumer fora based on their own assessment of what constitutes a reasonable delay. The appellants had entered into an Agreement to Sell dated 29.11.2013 for the purchase of a 4BHK apartment in a proposed residential project in Mumbai for a total consideration o...