The opposite parties have filed IA/4497/2022 for bringing on record the subsequent fact i.e. the opposite parties have sold the flat allotted to the complainant on 21.05.2022.  Although the complaint was filed for refund, but the property which was allotted to the complainant, has been sold without taking any permission from this Commission and without refunding the sale consideration deposited by the complainant.  Therefore, this Commission has no option except to allow the complaint for refund. 

So far as the interest is concerned, it has been stated in the complaint that for payment of consideration to the opposite parties, the complainant has taken loan of Rs.74 lacs and loan is still unpaid.  Since the complainant has taken loan, it will be appropriate that the opposite parties be directed to pay compensation in the form of interest @ 12% per annum from the date of deposit till the date of payment. 

ORDER

          In the result, the complaint is allowed.  The opposite parties are directed to refund the entire amount deposited by the complainant with interest @ 12% per annum from the date of respective deposit till the date of payment within a period of two months.  It shall be open for the opposite parties to satisfy the bank loan first and pay balance amount to the complainant.