MAM
COZMIC Group appoints Carl Sequeira as new Country Manager
MUMBAI: COZMIC Group today announced the appointment of Carl Sequeira as Country Manager for India. Sequeira will be based in Mumbai and will lead all of COZMIC Group’s strategic business initiatives and day-to-day operations in India including Z-POP Dream which is in its second year, for which it has just concluded with its Season 2 Auditions in the country.
Sequeira is a seasoned executive with more than 16 years of experience in marketing, events and driving strategic business growth in the Indian Market. He will report to Swee Sin Wu – Chief Business Officer, COZMIC Group.
“India is a key market for COZMIC Group and our Z-POP Dream Project, given the incredible amount of talent and interest we’ve seen from here. With Carl’s vast experiences and well-established network, we are now in a great position to better understand the intricacies of a diverse marketplace such as India. We are confident he will successfully help develop our brand and business in this critically important country,” said Swee Sin Wu – Chief Business Officer, COZMIC Group.
Speaking on his appointment as Country Manager for India, Carl Sequeira said, “I’m excited to be a part of the COZMIC Group and the great work they are doing. The genre of K-Pop is taking the world by storm with India’s K-Pop fan following growing by leaps and bounds. We are confident that we can capture the attention of these fans and aspiring artists with our unique genre of Z-POP. I look forward to helping take the company to the next level and grow its business interests in India.”
Sequeira currently also serves as an Advisory Trustee for Special Olympics Bharat and prior to joining the COZMIC Group, he was Director – Marketing for WWE in India, where he led the company’s marketing and brand building efforts for over 5 years. Prior to WWE, Sequeira worked at FILA, where he spent three years as Marketing Head. Sequeira has a Business Management diploma from Welingkar Institute of Business in Mumbai, and brings a great deal of brand building experience to his position.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
