7 hours ago
Recover Rs 7.5cr from Moni soon: Unit owners
Panaji:
Unit owners of Prabhu Chambers at Angod, Mapusa, met the North Goa collector on Wednesday to demand the immediate recovery of Rs 7.5 crore from developer Venkatesh Narayan Prabhu Moni.
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The Goa Real Estate Regulatory Authority awarded the amount as interest and compensation from Moni. Despite directions to conclude proceedings within a month, no action was taken for over 70 days, leaving the defaulter at large and decree holders awaiting justice.
During Monday's meeting, the collector assured the decree holders of legal action and a lawful resolution. The owners have stated that in the absence of swift action, they may resort to a hunger strike.
The construction of Prabhu Chambers began in 2012 but remained incomplete until June 2025. Frustrated buyers were compelled to secure ownership and occupy the commercial space by approaching the principal district court, North Goa.
'The defaulter is leveraging his political influence to evade accountability. Four unit holders passed away during this legal ordeal, succumbing to stress and emotional trauma brought on by years of unresolved injustice.
Despite rulings in favour of the unit holders, execution of these orders remains stalled due to administrative inertia,' said one buyer.
Moni was incarcerated at Colvale Jail for nearly 100 days after he failed to pay the dues. The principal district court ordered the Tiswadi Mamlatdar to conduct a detailed inquiry into the recovery amount. A show-cause notice dated May 26 was issued to Moni for a hearing before the North Goa collector on June 4.
