Developer Asked to Get OC or Pay ₹129 Crore in Damages to Housing Society

Описание: In a massive win for flat owners, Bombay High Court has upheld the arbitral award against developer Lotus Logistics in the Evertop Apartments redevelopment case (Andheri West). The court directed the developer to obtain Occupation Certificate (OC) for the rehab wing within 9 months – or pay a staggering ₹128.98 crore in damages!

Key highlights:

Developer accused of fraudulent plan changes (showing fake "open-to-sky ducts" to steal rehab FSI for sale component)
Society terminated agreement in 2015, but developer's court undertaking revived the obligation
Damages only if OC & regularisation both fail – a strong warning to errant developers
Extended timeline given; interest @8% p.a. if payment delayed
Full breakdown of the judgment by Justice Sandeep V. Marne (13 Jan 2026) – a landmark ruling for homebuyers fighting delayed OC & plan fraud!

Case: Commercial Arbitration Petition (L) No. 34791 of 2024 Petitioner: Lotus Logistics and Developers Pvt. Ltd. Respondent: Evertop Apartments Co-operative Housing Society Limited

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