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The Supreme Court on Friday seeks refund schedule from Parsvnath Buildwell for a delayed project in Ghaziabad.[/caption]
The Supreme Court on Friday asked Parsvnath Buildwell to provide refund schedule for delayed project in Ghaziabad.
Parsvnath, however, expressed its inability in the apex court to refund money to flat buyers.
“We are ready to complete the project in 12 months. Have serious financial difficulties, faced Rs 400 crore loss last year”, Parsvnath said in the court.
70 buyers are seeking refund for investments made in Parsvnath Exotica project.
Earlier, NCDRC had ordered refund to 70 investors with 12% interest.
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