CHB penalized for not paying interest on earnest money
The District Consumer Disputes Redressal Forum has ordered CHB to pay the interest on Rs 70,000 at the rate of 9 percent per year to the complaint Mr. Surekha Sharma.
The forum also advised the CHB to deposit Rs 7,000 as the compensation for the harassment faced by the complainant.
According to the case, the complainant had applied for the 1 BHK house in response to the scheme offered by the CHB under the ‘Self financing housing scheme-2008’ for employees of Chandigarh Administration.
The complainant had submitted a total amount of Rs 70,000 as earnest money. But Mr. Sharma remained unsuccessful in the draw of lots and kept waiting for the refund. While the CHB has returned the amount but it did not provide the interest.
Forum says that there is not right on part of CHB to not deposit the interest amount to Mr. Sharma.
Source: The Tribune
Chandigarh Administration, Chandigarh Housing Board, CHB, Complainant, District Consumer Disputes Redressal Forum, Self financing housing scheme-2008, Surekha Sharma
