New Delhi: The Supreme Court on Friday ordered real estate firm Supertech to process refunds to home buyers who have been affected due to the demolition of its two 40-storey towers in Noida.
A bench of Justices DY Chandrachud and Bela. M. Trivedi said Supertech should give full refund by February 28 to homebuyers who filed the contempt petition, and other homebuyers who are not in court, should be approached within a week.
The top court accepted the computation report submitted by amicus curiae advocate Gaurav Agrawal for refund of money to the home buyers who had filed the contempt petition. After hearing detailed arguments in the matter, the top court asked the real estate firm, homebuyers and amicus curiae to sit together to sort out the modalities of payment.
The top court said that not only those approached with the contempt petition, but all home buyers are covered by the August 31 judgment passed last year, and they should be paid compensation.
On January 12, the top court had warned the real estate firm of “consequences” on non-payment of refunds to home buyers who had paid for flats in two 40-storey towers, which are being demolished on court orders. Was. It also clarified that Supertech cannot make any deduction which has not been ordered by the court.
The contempt petition was filed by home buyers, who had paid for flats in two 40-storey towers. The homebuyers have alleged that Supertech had called them to get the refund, however, they were later told that the payment would be made in installments with certain deductions. The counsel representing the home buyers said that the home buyers are aggrieved by the delay in refund and also added that the court order does not mention any deduction.
On January 17, the counsel representing Supertech informed the top court that the real estate firm has worked out the money that is to be paid to each home buyer. The lawyer asked the home buyers to give it their RTGS details and the transfer money would be done. Advocate Sumit Agarwal, appearing for the nine home buyers, submitted that Supertech is paying only those home buyers who have filed contempt petitions in the apex court.
In its August 31 judgment, the Supreme Court had ordered the demolition of Supertech Twin Towers in Noida and also directed the firm to refund the money to the flat buyers in these towers.
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