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High Court Of Delhi Holds That A Developer Cannot Forfeit Buyer’s Payments And Cancel The Allotment In The Absence Of Proof Of Default Or Actual Loss
The High Court of Delhi, through its judgment dated 18.05.2026 in the matter of M/s R.C. Sood & Co. Developers Pvt. Ltd. v. Sharad Maheshwari & Anr., dismissed an appeal challenging the decree of District Judge directing refund of INR 18,00,000/- to the purchasers in a real estate dispute arising out of cancellation of a villa allotment and alleged forfeiture of earnest money.
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