Announcement

Collapse
No announcement yet.

Jaypee Greens Wishtown, Noida

Collapse
X
Collapse

Jaypee Greens Wishtown, Noida

Last updated: August 17 2020
8876 | Posts
  • Time
  • Show
Clear All
new posts

  • Re : Jaypee Greens Wishtown, Noida

    Originally posted by Digvijay View Post
    What will the probable hit that JAL is supposed to take from CCI ?
    A heavy fine in order u/s 27 of competition act 2002

    just like cci slap 630cr on dlf on 12-08-2011 in case no 19/2010


    now, cci direct DG(investigation) u/s 26(1)...

    once the DG report comes to cci, then argument will start and order u/s 27 of penalty will be passed

    then jp will appeal against cci in compat (competition appellate tribunal) located at Shahjaha Road, india gate,,

    then in Supreme court.


    normally... cci dont issue order 26(1) unless ans until very strong case

    there are lots of case where cci dismiss the case on day ONE.

    very few cases gets order for DG u/s 26(1)

    Comment


    • Re : Jaypee Greens Wishtown, Noida

      Originally posted by Imperialnoid View Post
      Paint doesn't come off like that. Looks like they have repaired something. A leak/Sillan perhaps?
      Another coat of paint is pending in pav court.

      Comment


      • Re : Jaypee Greens Wishtown, Noida

        So that means noting is fixed regarding penalty.
        Digvijay

        Comment


        • Re : Jaypee Greens Wishtown, Noida

          Originally posted by rahul40 View Post
          A heavy fine in order u/s 27 of competition act 2002



          just like cci slap 630cr on dlf on 12-08-2011 in case no 19/2010





          now, cci direct DG(investigation) u/s 26(1)...



          once the DG report comes to cci, then argument will start and order u/s 27 of penalty will be passed



          then jp will appeal against cci in compat (competition appellate tribunal) located at Shahjaha Road, india gate,,



          then in Supreme court.





          normally... cci dont issue order 26(1) unless ans until very strong case



          there are lots of case where cci dismiss the case on day ONE.



          very few cases gets order for DG u/s 26(1)

          What I also heard is that CCI can change the one sided clauses in PAL including equal penalty for delay and various other clauses which will be like blanket implementation for everyone.

          Comment


          • Re : Jaypee Greens Wishtown, Noida

            Yup - something doesnt click or atleast i dont know how it works - the builder is fined large sum of money - but where do the proceeds go - RWA/body who has lodged a complaint or the government?

            If it is the government - how does it benefit you by bleeding ur builder thereby screwing his position to deliver further?

            I just want to know how it works. Perhaps BBA is changed - which 99.9% cases in JP no one even goes for.

            Does CCI also push the builder for faster handover. Yes even uf they can implement giving buyers 12% interest over delay, irrespecrive of delays u may hv made (for which the builder has charged u in anycase) - I think builder will def speed up.

            Comment


            • Re : Jaypee Greens Wishtown, Noida

              Originally posted by Aviral79 View Post
              What I also heard is that CCI can change the one sided clauses in PAL including equal penalty for delay and various other clauses which will be like blanket implementation for everyone.

              yes, u/s 27(d), cci empowered to modify Agreement.

              consumer courts dont have power to change the agreement.

              in dlf case, cci modify dlf's agreement on order dated 03-01-2013,,


              but compat was silent in its order dt 19-05-2014, in which it upheld 630cr penalty


              on 27.08.2014, SC directed dlf to deposit 630cr in supreme court registrar and registrar will make FD of this amount till appeal decided.


              so now on 22.09.2014. cci filed appeal in SC against campat silent.

              means,, cci wants it order to be final.
              Last edited October 4 2014, 08:22 AM.

              Comment


              • Re : Jaypee Greens Wishtown, Noida

                Jaypee Greens - Noida

                Originally posted by dineshsays View Post
                Yup - something doesnt click or atleast i dont know how it works - the builder is fined large sum of money - but where do the proceeds go - RWA/body who has lodged a complaint or the government?

                If it is the government - how does it benefit you by bleeding ur builder thereby screwing his position to deliver further

                I just want to know how it works. Perhaps BBA is changed - which 99.9% cases in JP no one even goes for.

                Does CCI also push the builder for faster handover. Yes even uf they can implement giving buyers 12% interest over delay, irrespecrive of delays u may hv made (for which the builder has charged u in anycase) - I think builder will def speed up.

                The biggest take away is perhaps the change in agreement PAL ...BBA or or not does not matter....if you read the CCI order it is on the PAL AND application. .... We are looking for equal penalty ......otherwise a fine is useless for buyers as they don't get anything which is rather stupid. In a way it just further reduces the available funds for project completion but makes builders wary of making one sided clauses which is necessary for the RE market as such.

                Nevertheless we have a meeting with jaypee today so will get their opinion about this. Our effort will be too urge jaypee to do the penalty changes unilaterally rather then wait for CCI to order something like this.
                Last edited October 4 2014, 09:05 AM.

                Comment


                • Re : Jaypee Greens Wishtown, Noida

                  All the best mate. Give them hell

                  Comment


                  • Re : Jaypee Greens Wishtown, Noida

                    Way to go

                    Comment


                    • Re : Jaypee Greens Wishtown, Noida

                      Originally posted by Aviral79 View Post
                      The biggest take away is perhaps the change in agreement PAL ...BBA or or not does not matter....if you read the CCI order it is on the PAL AND application. .... We are looking for equal penalty ......otherwise a fine is useless for buyers as they don't get anything which is rather stupid. In a way it just further reduces the available funds for project completion but makes builders wary of making one sided clauses which is necessary for the RE market as such.

                      Nevertheless we have a meeting with jaypee today so will get their opinion about this. Our effort will be too urge jaypee to do the penalty changes unilaterally rather then wait for CCI to order something like this.
                      you can get compensation only through cci, not otherwise?

                      consumer court is of no use in your case.

                      Comment

                      Tags: None
                      Have any questions or thoughts about this?
                      Working...
                      X