P&H: Upholds Flat Cancellation After Allottee Failed to Pay Balance Despite Further Opportunity
The Punjab and Haryana High Court has upheld the cancellation of a flat allotment by Pioneer Urban Land and Infrastructure Limited after Ratnashri Buildtech Private Limited failed to pay the outstanding amount. Justice Jagmohan Bansal dismissed the company’s appeals, finding no question of law arising from the decisions of the Haryana Real Estate Regulatory Authority and the Real Estate Appellate Tribunal.
The dispute concerned a flat in Pioneer Urban’s Presidia project in Gurugram, allotted for about ₹2.90 crore. Ratnashri had paid approximately ₹2.69 crore, but the promoter cancelled the allotment over the unpaid balance. The Authority directed a refund after...
