Delhi HC directs Supertech to pay Rs 40 Lakhs to homebuyer by this month’s end

Last month, the MDs’ arrest was stayed by the court after the company undertook to make a payment of Rs 40,00,000 to the homebuyer. The court ordered Supertech to Pay Rs 50,00,000 and stayed the arrest till October 04.

The court on Monday was told that Rs 50 lakh has been paid, and that the company owes a total of Rs 1.78 crores to the homebuyer. Taking note of the submission and continuing the stay on arrest, the court directed Supertech to pay another sum of Rs 40 lakhs to the homebuyer on or before October 31.

“The aforesaid amount shall be utilized by the respondents towards repayment of the home loan taken by them. Learned counsel for the petitioner submits that a further sum of Rs.17 lacs shall be paid to the respondents on or before 30th November, 2021,” it said, while listing the case for hearing on November 11.

The possession of the residential unit was to be delivered to the homebuyer in August 2014 but the physical possession was not handed over even in 2019. NCDRC in April 2019 directed Supertech to offer the possession of the villa within six months and also pay a compensation, or in case of failure, refund the entire amount along with the compensation. Though NCDRC in July was assured that the order will be complied with within 60 days, the Commission in September issued an arrest warrant against the MD for non-compliance.