Observing that under the RERA Act, rights of the allottees are superior compared with other creditors, the Haryana Real Estate Regulatory Authority (HRERA) has directed a builder company to refund the entire money invested by the home buyers in its now “abandoned” project while expressly stating that “all the complainant, as well as other similarly placed allottees of the disputed project, shall have a superior right to satisfy the claims for refund of money along with interest over the rights of any other person including Financial Institutions and other creditors of any kind”.
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