Page 5 - Supertech Group News Today

A Delhi court has taken cognizance of a charge sheet filed by the Enforcement Directorate against the chairman and promoter of real estate group Supertech in a money laundering case. The court said there was sufficient evidence against the accused and summoned the co-accused and authorized representatives of the accused companies for October 30. The ED had filed the charge sheet against Supertech Group and eight others in August, accusing them of defrauding homebuyers of Rs 164 crore.

A Delhi court on Tuesday took cognisance of the charge sheet against Supertech Group Chairman R.K. Arora in connection with a case under the Prevention of Money Laundering Act (PMLA) registered by the Enforcement Directorate (ED).Additional ...

A Delhi court on Monday said that it will decide on Tuesday whether to take cognisance of the charge sheet against Supertech Group Chairman R.K. Arora in connection with a case under the Prevention of Money Laundering Act (PMLA) registered by ...

The ED had on August 24 filed the charge sheet against Arora, Supertech Group, and eight others in the money laundering case. They have been accused of defrauding at least 670 homebuyers of Rs 164 crore.

Special Judge Devender Kumar Jangala reserved the order on Monday, after the conclusion of arguments advanced by the counsel appearing for the Enforcement Directorate (ED) as well as the accused.

After the conclusion of arguments advanced by the counsel​ of the ED and the accused, special Judge Devender Kumar Jangala reserved the order on Monda

The Supertech Group also defaulted on payments to banks and financial institutions, and currently around Rs 1,500 crore of such loans have become non-performing assets (NPA), the agency said. Supertech Ltd, which was formed in 1988, has so far delivered around 80,000 apartments, mainly in Delhi-NCR. The company is currently developing around 25 projects across the National Capital Region (NCR). It is yet to give possession to more than 20,000 customers.

The Delhi High Court on Friday dismissed a petition by Supertech Group Chairman R.K. Arora challenging his arrest by the Enforcement Directorate (ED) in connection with a case under the Prevention of Money Laundering Act (PMLA).On September 15, ...

Supertech: Special Judge Devender Kumar Jangala, who was scheduled to take up the matter for consideration on Friday, adjourned the matter saying the documents were lengthy and he needed time to go through all the files before passing any decision.

The NCLAT had also directed constitution of a Committee of Creditors for the Eco Village 2 project located in Greater Noida (West). The company had secured the Supreme Courts permission to mobilise around Rs 1,600 crore from institutional investors to complete 18 ongoing housing projects across Delhi-NCR under the main firm Supertech Ltd.