Non Fund-Based Facilities Cannot be Refused by Lenders on Availability of Disbursement Clause in Resolution Plan: NCLAT Dismisses SBI’s Appeal

Failure to Complete Construction on Time: Ernakulam District Commission Holds Builder Liable The Ernakulam District Consumer Commission held a builder liable for failing to complete construction on time, ruling that the delay caused inconvenience and financial loss to the buyer. The case involved a property purchase where the builder had committed to completing the project by a specific date but failed to do so. The Commission ordered the builder to compensate the buyer for the delay and provide a refund along with interest. The decision underlines the legal protection afforded to homebuyers against builders who do not meet agreed-upon timelines.