Owners Of Maradu Flats Demolished For CRZ Violations Not Entitled To Interest On Refund From Builders: Supreme Court
2 years, 10 months ago

Owners Of Maradu Flats Demolished For CRZ Violations Not Entitled To Interest On Refund From Builders: Supreme Court

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The Supreme Court on Friday held that the owners of the flats in the four buildings in Maradu, Kochi, which were demolished in 2020 for CRZ violations, are not entitled to interest on the refund payable to them by the builders.A bench comprising Justices L Nageswara Rao and BR Gavai ruled so on the reasoning that the purchasers had been staying in the flats allotted to them for a period of. The Supreme Court on Friday held that the owners of the flats in the four buildings in Maradu, Kochi, which were demolished in 2020 for CRZ violations, are not entitled to interest on the refund payable to them by the builders. The flat owners prayed for interest on the refund by submitting that they had invested their life-savings in the apartments, whihc were ultimately demolished on orders of the Supreme Court for violations of the Coastal Regulation Zone norms. Four high rise apartment buildings in Maradu - Golden Kayaloram, Jain Coral Cove, H2O Holy Faith and Alfa Serene - were demolished in January 2020 following the directions issued by the Supreme Court after finding that they were built in violation of the relevant Coastal Regulation Zone norms.

History of this topic

Amicus Curiae visits Maradu sites, seeks feasibility report on new apartment construction
3 months ago
Maradu Flats Demolition | Supreme Court Lifts Attachment Of Two Homebuilders' Accounts & Properties On Condition To Furnish Security
2 years, 3 months ago
Maradu Flats Case: Supreme Court Lifts Attachment Of Properties Of Jain Housing, Except Land In Chillavannoor
3 years, 10 months ago
Kochi Court Stays Release Of Film On Maradu Flats Demolition
4 years, 1 month ago
CRZ : SC Asks Kerala To Explain Action Taken Against Violators [Read Order]
4 years, 5 months ago
All Four Maradu Flats Demolished In Execution Of SC Direction
5 years, 2 months ago
Two of four illegal Maradu flats in Kochi demolished with controlled implosion for flouting Coastal Regulation Zone norms
5 years, 2 months ago
Maradu Flats : SC Dismisses Plea For Contempt Action Against Committee Members
5 years, 3 months ago
Maradu Flats : SC Directs Builders To Deposit Rs 61.50 Crores With Kerala Govt To Compensate Owners [Read Order]
5 years, 4 months ago
Fresh plea in SC challenging its verdict in Kerala's Maradu flats demolition case
5 years, 4 months ago
All Maradu Flat Owners To Get Rs 25 Lakhs As Interim Compensation Regardless Of The Amount Shown In Sale Deeds : SC [Read Order]
5 years, 4 months ago
Maradu flats row: SC tells Kerala govt to pay interim compensation worth Rs 25 lakh to all owners, asks builders to deposit Rs 20 cr in a month
5 years, 5 months ago
Maradu Flats : Ex-Kerala HC Judge Justice K Balakrishnan Nair To Head Committee To Fix Compensation For Owners [Read Orders]
5 years, 5 months ago
Maradu flats: SC directs demolition to be completed in 138 days and payment of ₹25 lakh each as interim compensation
5 years, 5 months ago
Maradu Flats Demolition: SC Orders Kerala Govt To Pay Interim Compensation Of Rs 25 Lakhs To Each Owner; Amount Recoverable From Builders [Read Order]
5 years, 5 months ago
Maradu Flats : SC Dismisses Plea Which Expressed Concerns Of Collateral Damage To Neighborhood By Demolition [Read Order]
5 years, 6 months ago
Kerala's Maradu flats power and water supply to be cut off; demolition looms
5 years, 6 months ago
Climate justice through judicial diktat
5 years, 6 months ago
Maradu flats: Shocked to see spate of illegal structures in CRZ, says Supreme Court
5 years, 6 months ago
Maradu Flats Demolition : Kerala Chief Secretary Will Be Held Personally Liable For Violations, Warns SC [Read Order]
5 years, 6 months ago
Maradu Flats Demolition: Man Residing Near Flats Moves SC Apprehending 'Collateral Damage' To Neighborhood
5 years, 6 months ago
Explained | The Maradu imbroglio of a SC order, flat owners, Kerala govt, and municipal authorities
5 years, 6 months ago
'Your State Is Known For Not Following Orders' : SC Asks Kerala Govt To Execute Demolition Order Against Maradu Flats By Sep 20
5 years, 6 months ago
Kochi demolition: Supreme Court says fraud played on court
5 years, 8 months ago
CRZ Violation : SC Stays Demolition Of Kochi Flats For Six Weeks [Read Order]
5 years, 9 months ago
'KCZMA Misled Court'; Another Builder Approaches SC For Review Of Demolition Order Against Kochi Flats [Read Petition]
5 years, 9 months ago
Review Petition Filed In SC Against Order Directing Demolition Of Kochi Flats For Alleged CRZ Violation [Read Petition]
5 years, 9 months ago
SC Refuses To Extend Time To Demolish Buildings Built In Violation Of CRZ Regulations [Read Order]
5 years, 9 months ago
SC orders demolition of 5 apartments Ernakulam's Maradu municipality
5 years, 10 months ago

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