HC declines to Grant stay on Recovery of Profiteered Amount

Apex Meadows Pvt. Ltd. Vs Union of India & Ors. (Delhi High Court) The counsel for the petitioner states that out of Rs.3,45,22,974/-, benefit of an amount of Rs.1.53 crores has already been given to the flat buyers and now only the balance amount of Rs. 1.92 crores approx. remains. He states that in several other matters pending before this Court, stay has been granted, subject to deposit of 10% only of the amount. It is contended that the petitioner has already given benefit to the flat buyers of much more than 10% of the assessed amount and thus the recovery of the balance amount be sta...