Roopali Agarwal, the petitioner, invested in a commercial project by AIMS Sanya Developers Pvt. Ltd. in Noida, Sector 15. Along with two others, she invested Rs. 31,81,894 against a total consideration of Rs. 32,65,280 in March 2011 for a unit on the 25th floor of Tower-B in "The Tempean" project. The allottees were promised an assured return of Rs. 93 per sq. ft. (Rs. 75,917.76 per month) until possession. Assured returns were received from March 2011 to March 2016, after which the Corporate Debtor defaulted. The Corporate Debtor was to hand over possession within 36 months as per the agreement dated 2011-03-23, but no construction occurred.
Roopali Agarwal invested Rs. 31,81,894 in a commercial project by AIMS Sanya Developers in March 2011, with a total consideration of Rs. 32,65,280. She was promised a unit in "The Tempean" and assured returns of Rs. 75,917.76 per month until possession. Assured returns were paid from March 2011 to March 2016, after which payments ceased. The project's possession was to be handed over within 36 months from March 23, 2011, but no construction occurred. In September 2017, Roopali Agarwal acquired the rights of two other co-allottees. She sought recovery of Rs. 22,77,532 for assured returns from April 2016 to April 2018 and Rs. 31,81,894 for the principal amount. The Corporate Debtor acknowledged receiving the principal amount but cited project delays due to
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Roopali Agarwal invested Rs. 31,81,894 in a…
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Roopali Agarwal, the petitioner, invested in a commercial project by AIMS Sanya Developers Pvt. Ltd. in Noida, Sector 15. Along with two others, she invested Rs. 31,81,894 against a total consideration of Rs. 32,65,280 in March 2011 for a unit on the 25th floor of Tower-B in "The Tempean" project. The allottees were promised an assured return of Rs. 93 per sq. ft. (Rs. 75,917.76 per month) until possession. Assured returns were received from March 2011 to March 2016, after which the Corporate Debtor defaulted. The Corporate Debtor was to hand over possession within 36 months as per the agreement dated 2011-03-23, but no construction occurred.
Roopali Agarwal invested Rs. 31,81,894 in a commercial project by AIMS Sanya Developers in March 2011, with a total consideration of Rs. 32,65,280. She was promised a unit in "The Tempean" and assured returns of Rs. 75,917.76 per month until possession. Assured returns were paid from March 2011 to March 2016, after which payments ceased. The project's possession was to be handed over within 36 months from March 23, 2011, but no construction occurred. In September 2017, Roopali Agarwal acquired the rights of two other co-allottees. She sought recovery of Rs. 22,77,532 for assured returns from April 2016 to April 2018 and Rs. 31,81,894 for the principal amount. The Corporate Debtor acknowledged receiving the principal amount but cited project delays due to
…Roopali Agarwal invested Rs. 31,81,894 in a…
Date of the space buyer agreement between…