Summary
- The Bombay High Court has quashed an FIR against flat purchasers who allegedly demanded ₹25 lakhs each from a builder, ruling that the demand did not constitute extortion under Section 385 IPC.
- Justice Ranjitsinha Raja Bhonsale found that transcripts of meetings indicated settlement negotiations rather than threats or coercion.
- The Court emphasized that merely demanding an exorbitant amount does not meet the criteria for extortion, as there was no intentional threat involved.
- This ruling could set a precedent for how settlement demands are interpreted in legal disputes, potentially impacting future negotiations between parties.
Join the discussion — sign up to comment, upvote, and save articles.