New Delhi: The Supreme Court on Wednesday rapped real estate developer Supertech for non-payment of home buyers for flats that were ordered to be demolished.
A bench headed by Justice DY Chandrachud asked Supertech to keep its office in order and make payments to home buyers by January 17. He said that no amount should be deducted while refunding the money.
The bench told the counsel appearing for Supertech, “Interest cannot be charged on return of investment. You are looking for all kinds of reasons for not complying with the court’s order. Make sure the payment is made by Monday.” otherwise there will be consequences.”
The apex court was hearing a contempt petition by home buyers, who had paid for flats, on which the apex court’s August 31, 2021 judgment allowed the twin tower 40-storey building of Supertech’s Emerald Court project in Noida to be demolished. ordered to be demolished.
Homebuyers alleged that Supertech invited them to collect their money. However, when he approached the company, he was told that the money would be repaid in installments with certain deductions, which were not pointed out by the court.
The top court further asked the Noida Authority to finalize the name of the agency that would be given the task of demolishing the two towers. Supertech Emerald Court housing project.
The top court has now fixed the matter for hearing on Monday.
Earlier, the apex court had dismissed Supertech’s plea seeking modification of its August 31 order by which it had been allowed to demolish two of its 40-storey towers in the Emerald Court housing project in Noida. was instructed.
While directing the demolition of the two towers on grave violation of building norms, the court had said that it was a result of “nefarious collusion” between the Noida Authority and Supertech and ordered that the company will carry out the demolition at its own expense within three months. Under the supervision of expert body like Noida Authority and Central Building Research Institute.
The order came on a batch of petitions filed by home buyers against the April 11, 2014 judgment of the Allahabad High Court, which had ordered the demolition of two buildings and refund of money to apartment buyers within four months.
A bench headed by Justice DY Chandrachud asked Supertech to keep its office in order and make payments to home buyers by January 17. He said that no amount should be deducted while refunding the money.
The bench told the counsel appearing for Supertech, “Interest cannot be charged on return of investment. You are looking for all kinds of reasons for not complying with the court’s order. Make sure the payment is made by Monday.” otherwise there will be consequences.”
The apex court was hearing a contempt petition by home buyers, who had paid for flats, on which the apex court’s August 31, 2021 judgment allowed the twin tower 40-storey building of Supertech’s Emerald Court project in Noida to be demolished. ordered to be demolished.
Homebuyers alleged that Supertech invited them to collect their money. However, when he approached the company, he was told that the money would be repaid in installments with certain deductions, which were not pointed out by the court.
The top court further asked the Noida Authority to finalize the name of the agency that would be given the task of demolishing the two towers. Supertech Emerald Court housing project.
The top court has now fixed the matter for hearing on Monday.
Earlier, the apex court had dismissed Supertech’s plea seeking modification of its August 31 order by which it had been allowed to demolish two of its 40-storey towers in the Emerald Court housing project in Noida. was instructed.
While directing the demolition of the two towers on grave violation of building norms, the court had said that it was a result of “nefarious collusion” between the Noida Authority and Supertech and ordered that the company will carry out the demolition at its own expense within three months. Under the supervision of expert body like Noida Authority and Central Building Research Institute.
The order came on a batch of petitions filed by home buyers against the April 11, 2014 judgment of the Allahabad High Court, which had ordered the demolition of two buildings and refund of money to apartment buyers within four months.
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