complainants. To provide security for the investment made, in the information memorandum, buyback option of the unit was offered @Rs.7.50 lacs, for each ... possession of the unit. Vide letter dated 13.08.2006, intimation regarding eligibility for buyback was made by the opposite party to the complainants. It was accepted
vide letter dated 07.02.2012 Annexure C-1, the opposite parties also offered buyback option @18,000/- per square yard, after two years from the date ... vide letter dated 11.08.2014 Annexure C-4, requested them to honour buyback offer or in the alternative to start paying the amount
Parties, vide letter
dated 25.09.2006(Annexure C-3) with confirmation of the Buyback Option. The aforesaid space was allotted to the
complainant. A Developer Buyer ... Annexure C-11),
requested the complainant, to exercise
the option of Buyback, in one month prior to 18.1.2010, under intimation or
lease out the allotted
case of the respondent that, vide letter dated 13.01.2010, she was offered buyback option of her unit @Rs.7.50 lacs, which ... unit was not offered; lease amount was not paid; and buyback amount was also not tendered, the complainant filed a consumer complaint before the Forum
duly acknowledged by the opposite parties. On the same
date, a Buyback Agreement was also executed, under which the opposite parties agreed to repurchase ... with a cheque dated 16.09.2024 for Rs. 64,00,000/- towards the
buyback amount. As per Clause 12(d) of the Buyer's Agreement
Opposite Party No.1 that "Assured 100% Return" buyback Scheme and "Double Your Investment In Just 3 years", the complainant entered ... complainants further submit that they also exercised the option of buyback and foreclosing the loan and to that effect sent an email to the Opposite
Opposite Party No.1 that "Assured 100% Return" buyback Scheme and "Double Your Investment In Just 3 years", the complainant entered ... complainants further submit that they also exercised the option of buyback and foreclosing the loan and to that effect sent an email to the Opposite
registered against them. It has been stated that despite the fact that buyback option was provided to the complainants at an agreed price ... respectively, i.e. totaling Rs.79,40,984/-, vide buyback agreements, forming part of the agreements tosell, referred to above, against which security cheques were
Parties, vide letter
dated 30.09.2006 (Annexure C-3) with confirmation of the Buyback Option. The aforesaid space was allotted to the
complainant. A Developer Buyer ... Annexure C-11), requested the
complainant, to exercise the option of Buyback, within one month prior to
18.1.2010, under intimation or lease out the allotted
towards various heads. At this juncture, OP agreed to buyback the said flat from the complainant @ Rs. 2000 per sq. ft. The agreement ... With the aforesaid factual matrix, the controversy arises as to whether the buyback agreement dt. 27.06.2009 is the agreement binding the parties or not. Buyback
