A bench of Justices Dipak Misra and MM Shantanagoudar adjourned the matter for further hearing in the first week of September after advocate Gopal Shankarnarain sought time for the implementation of settlement.
Mr Rathore had earlier termed the flat given to him by the developer as uninhabitable, pointing out several deficiencies. The top court-appointed panel of lawyers on February 20 informed it that negotiations between Mr Rathore and the developer were nearing completion and the draft of settlement has been exchanged by the parties.
A two-member committee of lawyers was appointed by the court to look into Mr Rathore's allegations that the flat given to him by the developer was uninhabitable.
Mr Rathore had booked the flat in 2006 by paying around Rs 70 lakh for it. The firm had promised to deliver the flat in 2008-09. The National Consumer Disputes Redressal Commission had earlier directed the builder to refund the principal amount with interest and compensate Mr Rathore.
The top court had on October 21 last year directed Parsvnath Developers to hand over possession of the flat to Mr Rathore in two days, saying he should not pay any additional amount to the builder.