security deposit payable to the respondent after such
deductions/adjustments/set-offs, the petitioner shall be liable to pay interest
on the said security deposit ... agreements, the
respondent is entitled to receive the refund of the interest free refundable
security deposit
security deposit payable to the respondent after such
deductions/adjustments/set-offs, the petitioner shall be liable to pay interest
on the said security deposit ... agreements, the
respondent is entitled to receive the refund of the interest free refundable
security deposit
owners as refundable security deposit free of
interest by separate cheques and also agreed to deliver possession of the
owners developed plots to them within ... towards the revised non-refundable
security deposit by way of Cheques which have been encashed by the
owners. The refundable security deposit paid under
manner set out in Annexure 5 as interest free refundable security deposit (Security Deposit) which shall be paid on the compliance of the Conditions Precedent ... required to make interest free refundable security deposit. The JDA did not contemplate payment of interest on security deposit. The learned Arbitral Tribunal fell
lock-in period shall be first
15 (Fifteen) months.
...
7. Refundable Security Deposit
The Lessee shall pay an interest free refundable security
deposit equivalent ... Security Deposit
Sr. No. Description Point of
Payment
1. One month security At the time of
deposit. signing of MOU.
2. Two Months security
obliged to deposit with the respondent specified amount as security
deposit and the three petitioners had, accordingly, deposited amounts
towards the security deposits with ... right to
retain the amount of security deposit and upon settlement of account
the deposit has to be refunded (after adjustment if any).
16.13. However
obliged to deposit with the respondent specified amount as security
deposit and the three petitioners had, accordingly, deposited amounts
towards the security deposits with ... right to
retain the amount of security deposit and upon settlement of account
the deposit has to be refunded (after adjustment if any).
16.13. However
2018
land owners at the time of MOU as 'refundable security deposit' and
then alleged payment of another sum of Rs.50 Lakhs ... Developer
to the land owners as 'non-refundable security deposit' at the time of
execution of JDA is concerned, it is held
lakhs) only by way of security deposit, hereinafter referred to as 'the said security deposit', in the following manner ... security deposit. Referring to Clause 7 of the agreement, Mr. Sharma says that the security deposit was never to be adjusted against the sale
Claim no.6 was made for Rs.5 lacs for refund of security
deposit made by the respondent/contractor ... which provides for various
contingencies, and the security deposit could be completely forfeited.
Similarly, the security deposit was liable to be forfeited under clauses
