Chandigarh: The Haryana The Real Estate Regulatory Authority (H-Rera), Gurugram has issued an arrest warrant against the directors of Ansal Housing Limited For their failure to refund the amount along with interest to the allottees after the order and several reminders. Company managers have also been summoned.
The Gurugram bench of H-RERA passed the order against the group’s directors Kushagar Ansal, Karun Ansal, SL Kapoor and Ashok Khanna after hearing five complaints, including one by Rajeev Sharma, under Section 31 of the Real Estate (Regulation and Development) section. Did it ) Act, 2016, read with Rule 29 of the Real Estate (Regulation and Development) Rules, 2017 for non-delivery of residential units by the company.
Hearing the complaint, the authority had directed Ansal Housing Limited to refund the amount of about Rs 5 crore received from them along with interest of 9.3% p.a. from the date of receipt of each payment till the full amount is paid.
However, till date neither the amount has been paid nor any appeal has been filed by the developer company. As such, the decree under execution became final.
Thereupon the complainants had petitioned for execution of the decree to recover the entire amount paid by them along with interest at the rate of 9.3% p.a.
An order was given to attach the bank account of Axis Bank of Ansal Housing Limited, but the manager of the said bank stated that there was no balance in the decriminal amount of the said account issuance.
The realty firm was directed to furnish the details of its property (other than bank account) mentioned above. However, due to the complete failure of the company to comply with the directions of H-RERA, the authority had to issue arrest warrants for the directors of the company.
H-RERA Gurugram President KK Khandelwal said that failure to deliver the immovable property unit on time and non-refund of amount to the allottees is a major concern. “In order to reiterate the honesty and responsibility of respect and adherence to the rules framed for better and smooth functioning of the real estate sector, strict action is taken against the guilty,” Khandelwal said.
The Gurugram bench of H-RERA passed the order against the group’s directors Kushagar Ansal, Karun Ansal, SL Kapoor and Ashok Khanna after hearing five complaints, including one by Rajeev Sharma, under Section 31 of the Real Estate (Regulation and Development) section. Did it ) Act, 2016, read with Rule 29 of the Real Estate (Regulation and Development) Rules, 2017 for non-delivery of residential units by the company.
Hearing the complaint, the authority had directed Ansal Housing Limited to refund the amount of about Rs 5 crore received from them along with interest of 9.3% p.a. from the date of receipt of each payment till the full amount is paid.
However, till date neither the amount has been paid nor any appeal has been filed by the developer company. As such, the decree under execution became final.
Thereupon the complainants had petitioned for execution of the decree to recover the entire amount paid by them along with interest at the rate of 9.3% p.a.
An order was given to attach the bank account of Axis Bank of Ansal Housing Limited, but the manager of the said bank stated that there was no balance in the decriminal amount of the said account issuance.
The realty firm was directed to furnish the details of its property (other than bank account) mentioned above. However, due to the complete failure of the company to comply with the directions of H-RERA, the authority had to issue arrest warrants for the directors of the company.
H-RERA Gurugram President KK Khandelwal said that failure to deliver the immovable property unit on time and non-refund of amount to the allottees is a major concern. “In order to reiterate the honesty and responsibility of respect and adherence to the rules framed for better and smooth functioning of the real estate sector, strict action is taken against the guilty,” Khandelwal said.