The judgment was passed on appeals filed by homebuyers who had booked apartments in the ‘Mantri Manyata Energia’ project developed by Mantri Technology Constellations Private Limited, now known as Buoyant Technology Constellations Private Limited.
Construction and sale agreements were executed in 2016 and possession was to be handed over by December 31, 2018. The homebuyers alleged that possession was not delivered despite substantial payment of the sale consideration and repeated assurances about completion.
They subsequently approached the NCDRC alleging deficiency in service and unfair trade practices against the company, Mantri Developers Private Limited, the alleged promoters and directors of the companies, and the project’s…