Dr. Kalathur Thomas Thomas, the Petitioner/Operational Creditor, paid an advance of Rs. 20,00,000 for a unit in the 'LGCL New Life' project in Bengaluru on September 9, 2018, towards title inspection. This payment was based on the assurance that the amount would be refunded if he was not satisfied with the title. The Petitioner was not convinced with the title and requested a refund. The Respondent, LGCL Urban Homes (India) LLP, issued cheques for the refund, but repeatedly stopped payment on these cheques, citing financial difficulties and sluggish market conditions. The Petitioner issued a demand notice, but received no response. The Respondent issued post-dated cheques which were also stopped. The Petitioner, a senior citizen, was subjected to repeated delays and
…Dr. Kalathur Thomas Thomas, an 85-year-old senior citizen, paid Rs. 20,00,000 as an advance for a unit in the 'LGCL New Life' project by LGCL Urban Homes (India) LLP on September 9, 2018. The advance was for title inspection, with the understanding that it would be refunded if he was not satisfied. After title inspection, Dr. Thomas was not satisfied and requested a refund. LGCL Urban Homes issued several cheques for the refund, including interest, but repeatedly stopped payment on these cheques, citing financial difficulties. The initial cheque was dated June 19, 2019. Subsequent cheques were issued on February 10, 2019, and December 19, 2019, but payments were also stopped on these. The company claimed to be handling multiple projects worth over Rs. 100 crores and
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Dr. Kalathur Thomas Thomas paid Rs. 20,00,000…
Petitioner issued a…
Dr. Kalathur Thomas Thomas, the Petitioner/Operational Creditor, paid an advance of Rs. 20,00,000 for a unit in the 'LGCL New Life' project in Bengaluru on September 9, 2018, towards title inspection. This payment was based on the assurance that the amount would be refunded if he was not satisfied with the title. The Petitioner was not convinced with the title and requested a refund. The Respondent, LGCL Urban Homes (India) LLP, issued cheques for the refund, but repeatedly stopped payment on these cheques, citing financial difficulties and sluggish market conditions. The Petitioner issued a demand notice, but received no response. The Respondent issued post-dated cheques which were also stopped. The Petitioner, a senior citizen, was subjected to repeated delays and
…Dr. Kalathur Thomas Thomas, an 85-year-old senior citizen, paid Rs. 20,00,000 as an advance for a unit in the 'LGCL New Life' project by LGCL Urban Homes (India) LLP on September 9, 2018. The advance was for title inspection, with the understanding that it would be refunded if he was not satisfied. After title inspection, Dr. Thomas was not satisfied and requested a refund. LGCL Urban Homes issued several cheques for the refund, including interest, but repeatedly stopped payment on these cheques, citing financial difficulties. The initial cheque was dated June 19, 2019. Subsequent cheques were issued on February 10, 2019, and December 19, 2019, but payments were also stopped on these. The company claimed to be handling multiple projects worth over Rs. 100 crores and
…Dr. Kalathur Thomas Thomas paid Rs. 20,00,000…
Petitioner issued a…