Tuesday, Oct 21, 2014

SC asks Supertech to refund money to Noida twin towers flat owners

The Supreme Court said that Supertech must refund money of flat owners of Apex and Ceyane towers. The Supreme Court said that Supertech must refund money of flat owners of Apex and Ceyane towers.
Express News Service | New Delhi | Posted: July 30, 2014 1:08 pm | Updated: July 30, 2014 1:47 pm

The Supreme Court has asked realty major Supertech to refund the money to those who own flats in its twin towers in Noida, which face demolition.

The apex court said that the company must refund money of flat owners of Apex and Ceyane towers of Supertech’s Emerald Court in Noida, which were directed to be demolished by the Allahabad High Court.

“The allottees are entitled for the amount as it is their hard-earned money, and they cannot keep moving court,” said the Supreme Court.

Supertech will have to give back within a month the principal amount to those allottees who had applied for refund. The company has also been asked to allot alternate flats to other allottees, who do not want to get a refund.

In May, the Supreme Court had stayed the demolition of the twin towers, which was ordered by the Allahabad High Court on April 11.

(With PTI Inputs)

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