By K. C. Vijayan, Law Correspondent

HORIZON Towers owners may reap some $1.5 million from their failed en-bloc deal, which in turn could help pay their legal bills.

The sum represents the interest earned on the $50 million deposit paid by the would-be buyers when the $500 million deal was inked in 2007.

The deposit was paid when the initial option to purchase and sales pacts were signed. The deal was made between the condominium's sales committee on behalf of the majority owners, and property developer HPL and two partners.

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