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  • Delhi High Court directs Supertech to transfer Rs 50 lakh within one week to buyer’s account Sep 24, 2021 02:50 PM IST

    Delhi High Court directs Supertech to transfer Rs 50 lakh within one week to buyer’s account

    The court has also directed Supertech and the buyer to place on record the statement of amount due as per the NCDRC order.

  • EaseMyTrip offers full refund, no cancellation charge on flight tickets Jul 15, 2021 06:30 PM IST

    EaseMyTrip offers full refund, no cancellation charge on flight tickets

    Customers can avail of the refund by uploading a doctor's prescription if they cancel tickets due to an illness or if any of their loved ones fall ill, the company has said.

  • Get instant refund for cancel online railway ticket through IRCTC's new feature; check details here Jun 21, 2021 11:56 AM IST

    Get instant refund for cancel online railway ticket through IRCTC's new feature; check details here

    IRCTC's new feature gives the user maximum benefit in cases where a ticket does not get booked even after deduction of payment from the user's Bank or Tatkal waitlisted ticket remains waitlisted even after preparation of chart.

  • Seeking indiscriminate extension of project timelines from RERA is not builders’ birthright: Homebuyers' body Jun 08, 2021 04:16 PM IST

    Seeking indiscriminate extension of project timelines from RERA is not builders’ birthright: Homebuyers' body

    Not even 10% projects that were ongoing in 2016 when RERA was enacted have been completed and few refund orders issued by Authorities have been executed, they said

  • Real estate developers ‘serious’ about completing projects by June 2021 need not refund homebuyers: UPRERA Aug 27, 2020 06:55 PM IST

    Real estate developers ‘serious’ about completing projects by June 2021 need not refund homebuyers: UPRERA

    The regulator is in the process of inspecting such projects and would be drawing up a list soon

  • Flat delayed by four years, NCDRC tells builder to refund homebuyer Rs 3.4 crore with interest Jul 27, 2020 01:53 PM IST

    Flat delayed by four years, NCDRC tells builder to refund homebuyer Rs 3.4 crore with interest

    The consumer court also said the terms of the agreement signed between the two parties were wholly one-sided and unfair to the homebuyer.

  • Ensure refunds of foreign returnees from hotels: MHA to states May 27, 2020 09:05 AM IST

    Ensure refunds of foreign returnees from hotels: MHA to states

    In a letter to all state governments and union territory administrations, Union Home Secretary Ajay Bhalla said the fresh guidelines issued by the Ministry of Health and Family Welfare have revised the quarantine arrangements for those Indians who have returned from abroad under the Vande Bharat Mission.

  • SBI cautions customers about fake I-T refund messages May 05, 2020 08:51 AM IST

    SBI cautions customers about fake I-T refund messages

    SBI said, "Received any message from the Income Tax Department, requesting you to put in a formal request for your refund? These messages are from fraudsters at play! Ensure you ignore and report the messages immediately,".

  • EPFO cites coronavirus lockdown as reason for delay in claims process Apr 07, 2020 10:50 AM IST

    EPFO cites coronavirus lockdown as reason for delay in claims process

    The body on April 6 uploaded a tweet with requirements for the claims to go through

  • Insolvency of real estate firms to be limited to project, not across group: NCLAT Feb 11, 2020 03:45 PM IST

    Insolvency of real estate firms to be limited to project, not across group: NCLAT

    While some legal experts are of the view that this would ensure completion of projects, others caution that the order is contrary to the fundamental tenets of insolvency and may lead to chaos

  • Just 5-7 days to avail payback: 'Instant Refunds' is the 'new normal' Jan 17, 2020 08:08 AM IST

    Just 5-7 days to avail payback: 'Instant Refunds' is the 'new normal'

    About 71 percent of internet users in India purchase products online.

  • UPRERA sets pace, resolves maximum number of cases Sep 06, 2019 01:20 PM IST

    UPRERA sets pace, resolves maximum number of cases

    Around 6,000 complaints were registered against 20 real estate firms in Uttar Pradesh of which Ansal Properties had the highest number of complaints (1269), followed by Supertech with 817 complaints.

  • NCDRC raps Supertech for tardy work, tells it to refund flat buyer Rs 68 lakh with 12 per cent interest Aug 13, 2019 02:39 PM IST

    NCDRC raps Supertech for tardy work, tells it to refund flat buyer Rs 68 lakh with 12 per cent interest

    The commission found that the builder had failed to give possession of a flat even two years after the scheduled date of delivery.

  • Homebuyers have a right to seek refund if delivery of unit unreasonably delayed: SC Aug 05, 2019 02:45 PM IST

    Homebuyers have a right to seek refund if delivery of unit unreasonably delayed: SC

    A buyer cannot be forced to take possession if the project in incomplete, the unit has been handed over only for the sake of meeting the deadline, amenities are not in place and the unit does not meet specifications as promised

  • Refund homebuyers for delays with interest equal to home loan rate within four weeks: NCDRC Jul 08, 2019 01:54 PM IST

    Refund homebuyers for delays with interest equal to home loan rate within four weeks: NCDRC

    The builder should also pay the compensation and litigation cost to the homebuyers who had sought refund of the amount, rules the apex commission

  • Only 10 percent homebuyers wait for possession if project gets delayed: Poll Jun 04, 2019 02:46 PM IST

    Only 10 percent homebuyers wait for possession if project gets delayed: Poll

    The poll by Magicbricks revealed that 72 percent homebuyers would like to file a RERA complaint in case of delay in possession while 19 percent would opt for a refund.

  • ‘Inordinate delay’ in real estate projects means delay by over a year of delivery date: NCDRC May 17, 2019 01:09 PM IST

    ‘Inordinate delay’ in real estate projects means delay by over a year of delivery date: NCDRC

    NCDRC has held that buyers can seek refund even if RERA has taken over the project.

  • Can homebuyers be deprived of a refund under RERA? Jan 22, 2019 10:27 AM IST

    Can homebuyers be deprived of a refund under RERA?

    While Section 18 of RERA Act clearly states that a homebuyer can seek refund and ought to be compensated for ‘undue’ delays in a project, experts said a withdrawal by a handful should not jeopardise completion of an entire project

  • New return forms and lower refund outgo to push up GST collections Nov 23, 2018 05:22 PM IST

    New return forms and lower refund outgo to push up GST collections

    Monthly refund outgo is expected to come down to Rs 3,000 crore from about Rs Rs 6,000 crore currently

  • 5,000 cos under scanner for claiming more than Rs 1 crore in GST refunds Sep 20, 2017 04:06 PM IST

    5,000 cos under scanner for claiming more than Rs 1 crore in GST refunds

    Out of the Rs 95,000 cr GST revenues in July, more than two third of the amount is up for refund as input tax credit

  • Indiabulls Real Estate arm gets Rs 701 cr refund from DDA Jan 18, 2017 05:46 PM IST

    Indiabulls Real Estate arm gets Rs 701 cr refund from DDA

    Indiabulls Real Estate today said that its subsidiary firm has received Rs 701 crore refund from the Delhi Development Authority (DDA) following a judgement from the Supreme Court of India.

  • Developers to pay 10.9% interest in case of project delays Nov 01, 2016 06:31 PM IST

    Developers to pay 10.9% interest in case of project delays

    CNBC-TV18‘s Kevin Lee reports that as per the new rules, developers will have to pay 10.9 percent interest to buyers in case of delays in delivery of projects. Developers will have to repay buyers within 45 days of refund claim.

  • SC orders Unitech to refund Rs 15 cr to buyers of its project Oct 21, 2016 11:20 AM IST

    SC orders Unitech to refund Rs 15 cr to buyers of its project

    The Supreme Court, on October 19, 2016, directed Unitech Resorts Ltd to refund Rs 15 crores to 39 home buyers in its Gurgaon project, saying a property developer must respect the contractual commitment and R

  • PACL case: Sebi collects large number of property documents Jun 24, 2016 06:42 PM IST

    PACL case: Sebi collects large number of property documents

    Making a "headway" for refund of money to investors in over Rs 50,000 crore PACL case, SEBI on June 24 said a large number of property documents have been collected and the process is on for auction of those assets

  • After Uber, think twice before you cancel an Ola booking Jun 22, 2016 05:05 PM IST

    After Uber, think twice before you cancel an Ola booking

    Starting this month,Ola will charge an undetermined amount if the customer does not cancel within five minutes of booking a normal cab and two minutes of booking a shared one.

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