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Invested In House, But Money Stuck? | Know A Homebuyer's Legal Remedies
Posted
January 13, 2022
Views
204
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January 13, 2022
204
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1.96%
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20:31Now PlayingOn Wednesday, the Supreme Court warned the major realty Supertech that its directors would be sent to jail for not complying with the court orders to demolish the 40-story twin towers of its Emerald Court project in Noida and defaulting on refunding the money to the affected homebuyers. With more than four months have elapsed since the order and more than 250 homebuyers yet to get their refund with interest, the bench of justices Dhananjaya Y Chandrachud and AS Bopanna took a strict view against Supertech and said, “We are going to send your directors to jail. You are playing truant with the Supreme Court.” The two towers were declared illegal by the Supreme Court on August 31, 2021, and the apex court had given three months to the company to demolish the two towers. The court also directed the Noida authority to assist Central Building Research Institute (CBRI), Roorkee, in safely accomplishing this task.
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