BHARAT BUILDERS PVT LTD vs PARIJAT FLAT OWNERS COOP HSNG SOCTY. — C.A. No. 6556/1999

Case Summary: Bharat Builders Pvt Ltd v. Parijat Flat Owners Coop Housing Society Outcome: The Supreme Court disposed of Civil Appeals 6556 and 6557 of 1999 by approving a settlement agreement between the parties. The Court modified the High Court's earlier decrees in accordance with the compromise terms filed by both parties. Key Settlement Terms: Bharat Builders (promoter) was declared subject to statutory obligations under the Maharashtra Ownership Flats Act 1963 to complete title transfer of the building to Parijat Society. The Society agreed to pay Rs. 5,59,410 toward land costs and Rs. 10,40,590 toward ground rent and service charges. A Deed of Assignment was to be executed within specified timeframes, with the Society bearing all registration and stamp duty costs. The parties were restrained from prejudicing each other's rights, and upon compliance, the decree would be marked fully satisfied. Costs: No order as to costs; each party bears its own legal fees. This case analysis is maintained by casestatus.in based on publicly available court records.