complainants. It was
further stated that, in view of the Escrow Agreement, executed between the
Opposite Parties, the liability of Opposite Party ... intentionally. He further submitted that as per the Escrow Agreement, Opposite Party No.3 is
liable to refund 30% of the principal amount
complainants. It was
further stated that, in view of the Escrow Agreement, executed between the
Opposite Parties, the liability of Opposite Party ... intentionally. He further submitted that as per the Escrow Agreement, Opposite Party No.3 is
liable to refund 30% of the principal amount
still
pending. It was further stated that, as per the Escrow Agreement between OP Nos.1 & 2 and
OP No.3, the liability ... Annexure R-1/2 the Escrow Agreement executed amongst the
Chandigarh Housing Board, M/s Parsvath Developers Limited and State Bank of
India
Agreement R-1/1,
as well as Clause 5 of the Escrow
Agreement R-1/3, the liability of the Developer and the Chandigarh Housing ... Counsel for Opposite Party No.2, submitted
that, as per the Escrow Agreement, Opposite Party No.2, has
already refunded its 30% share amounting
Opposite Parties . It was further stated that, in view of the
Escrow Agreement, executed between the Opposite Parties , in case of refund to the buyers ... intentionally. He further submitted that as per the Escrow Agreement, Opposite Party No.3 had
already refunded Rs.9,76,125/- vide draft dated
Agreement R-1/1,
as well as Clause 5 of the Escrow
Agreement R-1/3, the liability of the Developer and the Chandigarh Housing ... Counsel for Opposite Party No.2, submitted that, as per the
Escrow Agreement, Opposite Party No.2, has already refunded its 30% share amounting
Agreement R-1/1,
as well as Clause 5 of the Escrow
Agreement R-1/3, the liability of the Developer and the Chandigarh Housing ... Opposite Parties, in accordance with clause 18 of the Escrow
Agreement dated 1.6.2007 Annexure R1/3 executed
between them, the complaint under Section
complainants. It was
further stated that, in view of the Escrow Agreement, executed between the Opposite
Parties , refund of 30% share ... intentionally. He further submitted that, as per the Escrow Agreement, Opposite Party No.3, was
ready to refund Rs.10,88,595/-, being
Opposite Parties.
It was further stated that, in view of the Escrow Agreement, executed
between the Opposite Parties, in case of
refund to the buyers ... further
submitted that according to Article 5 of the Escrow Agreement, in case of refund, the liability of Opposite
Party No.3 was limited
Opposite Parties . It was further stated that, in view of the
Escrow Agreement, executed between the Opposite Parties , in case of refund to the buyers ... Opposite Party No.1, as per Clause
5 of the Escrow Agreement. It was denied that Opposite Party NO.3,
was deficient, in rendering service
