E-Auction Of Project Developed By CHD Developers Stayed By Harayana Rera

1. INTRODUCTION

The Hon'ble Haryana Real Estate Regulatory Authority ("HRERA"), in the case of Puneet Gupta ("Complainant/Allottee") Vs. International Infratech Pvt. Ltd. & Ors. ¹ ("Respondents") has restrained Bank of Baroda ("Respondent No.4") from proceeding with an e-auction dated January 24, 2023 of land admeasuring 2.025 acres situated in Sector 109 without considering and settling the claims of individual allottees.

2. FACTS

Complainant had booked a shop bearing no.109-OFC-03/04 admeasuring 820 sq. ft. ("Unit") in the project "CHD E-WAY TOWERS" ("Project") and executed a Commercial Space Buyer Agreement dated October 12, 2016 ("Agreement") with CHD Developers Limited ("Respondent No.3") for a consideration and other terms and conditions mentioned therein. Respondent No. 3 was supposed to complete the project in a stipulated time period which the Respondent No. 3 failed to do so.