Like JP Infra, Amrapali flat buyers have also approached the Supreme Court. The Amrapali company has begun a court order to safeguard the interest of flat buyers in bankruptcy proceedings and to consider them as a safe creditors. 107 people who bought flat in Amrapali’s projects, Amrapali Centurion Park Teras homes and Amrapali Centurion Park-Tropical Ground, have filed petition in the Supreme Court. In petition, it has been demanded that there should be no deduction in the legal and legislative rights of flat buyers under section 14 of the insolvency-and-bankruptcy-code 2016 and they should be considered legal users under Section 2 of Consumer Protection Act. It has also been demanded that the Section 14,33,52 and 238 of the Analysis and Banks Act, should be declared against Article 14 (Right to Equality) and 21 (Right to Life and Right to Freedom). It is demand that flat buyers should be declared Secure Creditors.
It has been said that Amrapali Centurion Park Pvt Ltd Company has announced a scheme called Amrapali Centurion Park in Greater Noida in 2011. In it, about 5000 flats were to be made in 40 towers in sequence. These towers were named Amrapali Centurion Park Lo Rice, Amrapali Centurion Park Terrace Home and Amrapali Centurion Park Tropical Garden. The company promised to provide flats in 36 months with world-class facilities. Thousands of people have been booked flat for between 2010 and 2014, attracting the company’s intriguing advertising. It has been said that irregular and arbitrary conditions were placed in the agreement that the company made with the flat buyers. The entire condition was in favor of the builder. If the flat buyer fails to pay any installment, then interest will be charged at 18 percent and if the builder is delayed in captivity then he will pay only 5 rupees per square foot per month for the delay. It has been said that the builder was to give the flat in 2016 and in some cases in 2016, but did not give the flat. Flat buyers are going through dual holes when they do not get the time taken. On one hand, they are paying rent and second installment of flat. Upon receipt of flat, the buyers registered complaints in the National Consumer Disputes Redressal Commission, which demanded to reinstate money with interest of 18%.
In the meantime, Bank of Baroda filed an application in the National Company La Tribunal (NCLT) against Amrapali Silicon City Private Limited under Bankruptcy Act and the NCLT accepted the company’s application on September 4, while interim order in Section 14, But it has been completely stuck. In the petition, a plea for relief was given in the case of JP Infra, citing the interim decision of the Supreme Court.
Unitech gives 80-80 thousand rupees to the buyers on litigation: The Supreme Court has ordered the Unitech company on Wednesday to pay 39-80 lakh rupees for 39 flat buyers of the Vista project of the company made in Sector 70 of Gurgaon and for mental torture. The bench of Chief Justice Deepak Mishra has ordered the payment of flat buyers in four weeks to Unitech, while disposing the petition.
Earlier, in two orders, the court had ordered Unitech to pay the money and interest to the flat buyers and the company had deposited Rs 32.6 crore in the court registry, following this. Which have been divided into buyers. This case belongs to the Vista Project of Sector 70 in Gurgaon. In the absence of a flat on time, the Consumer Commission had ordered Unitech to pay money with interest against whom the company came to the Supreme Court.
Investor can not wait indefinitely: The National Consumer Disputes Redressal Commission (NCDRC) has said that investors can not wait till the uncertainty for their occupation of flat. Especially when the builder is not in a position to handover him. The Commission ordered the real estate firm Unitech Limited to refund Rs 49 lakhs of a consumer, Let us know that Delhi resident Sanjeev Miglani filed a petition in the commission. Sanjeev, Greater Noida Unitech Ltd of Uttar Pradesh The flat was booked in the project, but for quite some time he was not getting the position. They booked flat in 2006. It was assured that they would get the position till November 2008, but it did not happen. The Commission found that even after nine years have elapsed after the due date, the firm has not given him the position of his flat. The Commission also ordered the firm to pay ten thousand rupees for the expenditure incurred during the hearing of this case, along with order to refund it.
The officers summoned: The Allahabad High Court has adopted a strong stand in the matter of re-allocation of canceled plots in Ghaziabad, without lowering the market price and not implementing the lower rates. Regardless of the instructions, the court has summoned the Chief Secretary Urban Development and Vice Chairman of Ghaziabad Development Authority on September 22, asking for time without giving clear information. It was said on behalf of the state government that the discussions are going on between the departments. There will be concrete action soon. The court considered government action as a minaret.