2020 (10) TMI 1282 - HC - GST

Profiteering - validity of order passed by the National Anti-Profiteering Authority - HELD THAT - This Court directs the petitioner to pay the principal profiteered amount of ₹ 1,04,77,604/- in six equated installments to the flat buyers proportionately, commencing 16th November, 2020. The interest amount directed to be paid as well as the penalty proceedings initiated by the respondents are stayed till further orders. List on 03rd November, 2020.

Summary

The Delhi High Court directed the petitioner to pay the principal profiteered amount of Rs. 1,04,77,604 in six equated installments to flat buyers starting from 16th November 2020. Interest and penalty proceedings are stayed, and investigations on other projects are also stayed. Next hearing scheduled for 3rd November 2020.