scorecardresearch
Follow Us:
Sunday, October 24, 2021

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

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.

By: Express News Service | New Delhi |
Updated: October 4, 2021 9:33:15 pm
The high court was hearing Supertech's plea challenging the September 20 order by which Arora was given 3-year jail and the arrest warrant was issued against him for non-compliance with NCDRC directions. (File)

The Delhi High Court Monday directed Supertech Limited to pay Rs 40 lakh to a homebuyer on or before October 31 to enable him to repay the home loan.

National Consumer Disputes Redressal Commission (NCDRC) in September had sentenced Supertech’s managing director to a three years imprisonment for non-compliance of the directions issued by it in relation to the possession of a residential unit to a homebuyer in its ‘Upcountry’ project in Sector 17A of Yamuna Expressway Industrial Development Area.

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.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Delhi News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement