HC puts financial clamp on errant builder in refund row

Calling it the “worst form of economic offence”, the Bombay high court on Friday put a financial clamp on partners of a realty firm who did not refund Rs 1.25 crore to a Navi Mumbai couple despite a MahaRera order. “You will not withdraw anything from your personal and partnership accounts. Your family members will also not withdraw,” said Justices Shahrukh Kathawalla and Milind Jadhav who heard a petition by Seawoods residents Sabhajit and Gita Yadav.

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