Delhi HC stays recovery of profiteered amount against real-estate developer, allows deposit in installments

Delhi HC grants 8-week time to the petitioner, a real-estate developer, to deposit the profiteered amount of Rs. 1.92 crores in the Court; Also grants stay of proceedings for recovery of penalty, while noting that counsel for NAA & DGAP has fairly stated that in some other matters, there is a stay of penalty proceedings; On an earlier occasion, NAA had upheld profiteering to the tune of Rs. 3.45 crores against the Petitioner on flat sale; Citing the prevalent precari...