Real estate firm Parsvnath Developers has informed the Supreme Court that it has arrived at a settlement with union minister Rajyavardan Singh Rathore over the possession of his flat in the plush Exotica project in Gurugram.
The firm has told the apex court that it needs 12 weeks time to implement the terms of settlement arrived at with the minister of state for information and broadcasting.
A bench of Justices Dipak Misra and M M Shantanagoudar adjourned the matter for further hearing in the first week of September after advocate Gopal Shankarnarain sought time for the implementation of settlement.
Rathore had earlier termed the flat given to him by the developer as uninhabitable, pointing out several deficiencies.
The apex court-appointed panel of lawyers on February 20 informed it that negotiations between Rathore and the developer were nearing completion and the draft of settlement has been exchanged by the parties.