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The Hindu
The Hindu
National
The Hindu Bureau

Karnataka HC directs Mantri Developers to return money and discharge loan outstanding of litigants who cancelled flat bookings

The High Court has come to the rescue of some who had cancelled their bookings for flats at ‘Mantri Web City’ residential apartments project of M/s Mantri Developers Pvt Ltd, Bengaluru.

The court said that it is not their obligation to repay the outstanding loan amount with a nationalised bank as per the tripartite agreements for cancelling/withdrawing their bookings for flats following inordinate delay in construction.

No coercive action

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