New Delhi: The Supreme Court has taken note of the plight of flat buyers who have been wandering for possession after payment of money. The Supreme court said on Tuesday that they got either flat or returned their money. A bench headed by Chief Justice Deepak Mishra said during a hearing on the petition of more than 40 flat buyers of the JP Wish Town project in Noida during the hearing.
Flat buyers have challenged some provisions of Debt Refinance and Bankruptcy Code 2016. The Supreme court has said that he does not want further petitions in such cases. The bench, which is hearing, includes Justice AM Khanwilkar and Justice DV Chandrachud. The bench said, “We want to help those who buy the flat but do not want more petitions.” We want buyers to definitely get flat or return their money. ”
The bench told Rashid Saeed, the advocate of the case, that senior advocate Shekhar Nafade has been appointed as Amicus Curie in the debt relief process against JP Infratech Limited. The apex court asked Saeed to file an application to join Saeed as a party in the debt relief process. His lawyer said that these flat buyers had booked a flat in 2013. They had to be captured last year. Even after paying a large part of the fixed amount for the property, he has not been arrested. The apex court had reviewed the loan settlement proceedings against JP Infratech Ltd. on September 11. The court handed over the control over the management to the IRP with immediate effect.
Noida Authority gives Last Chance to Builders: Noida Authority has given the builders the last chance to take compliance with the relief of the arrears of builders. According to the decision taken on Tuesday, whatever the Builder Authority’s arrears, they can deposit 10-15% of the money and take no deuce Certificate (NDC). After getting the NDC, the compliance will be done and other activities will be facilitated. In such a situation, the builder can collect some part of the outstanding amount and take the pledge to settle the flat. This will be the last chance given to the builders on behalf of the authority. Builder will be able to take advantage of it for two months. After this, legal steps will be taken for the recovery of the builders from the Noida Authority.
NDC is required to take the Noida Authority for several other works, including the acquisition of builders and taking the registry of investors flat. So far, the policy for changes in project settlement policy and compliance policy has been removed from the authority for relieving builders. Now the Noida Authority has given the last chance to give relief to the outstanding builders and facilitate the investors. The Authority has implemented this system for two months. Under this, the builders who have less than 500 crores of the Noida Authority can deposit NDC by depositing 15% of the outstanding amount. More outstanding builders can collect NDC by depositing 10 percent of the money.
Seven cheating cases registered with director of real estate company: A case of cheating has been registered on seven including the director of Omex City located near Kamaspur. The police is investigating the matter by lodging a complaint and lodging the complaint. The complainant has alleged allegations of cheating of Rs 46 lakhs on the purchase and distribution of the plot. The resident’s captain has complained to the police that he has cheated him by associating Anuj Saini, Pawan Saini, Sudhanshu Biswal, Bhupendra Singh, Prem Rana, Pamoja Rupal and Omax’s director Sudip Bandopadhyay, who live in Kalka. Plot no 156 paper by fraudulently showing it commercial plot number 70. He had made full payment agreement for plot number 70 in November 2016 only by paying 46 lakh 67 thousand 500 rupees. Seven cheating cases were registered including director of Real Estate Company