Page 7 - Supertech Group News Today

The court had on June 28 remanded the realtor to ED custody till July 10 for interrogation in a money laundering case

Sales of flats, costing above ₹1 crore, stood at 33,477 units in the corresponding period of the last calendar year.

A Delhi court on Monday sent R K Arora, the chairman and promoter of real estate major Supertech Group, to judicial custody till July 24 in a money laundering case. Special Judge Devender Kumar Jangala sent Arora to jail after he was produced before the court by the Enforcement Directorate on the

The National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL was admitted for corporate insolvency on a petition by Foresight Innovations, an operational creditor.

The builder had diverted funds collected from homebuyers and banks to shell companies instead of using them for the projects they were meant for, which still lie unfinished after almost a decade.

All decisions regarding the transfer of funds in these companies were taken by Supertech chairman Ram Kishor Arora himself, the documents said. | Latest News India

Noida Authority, Greater Noida Industrial Development Authority and Yamuna Expressway Industrial Development Authority are the three entities. Officials say Supertech will find it difficult to repay the dues now as its CMD was recently arrested on money-laundering charges.

In its money laundering investigation against the Supertech Group, the Enforcement Directorate (ED) has found that chairman Ram Kishor Arora named

Supertech: Ram Kishor Arora was arrested under the anti-money laundering law on Tuesday. Earlier on Wednesday, he was sent to Enforcement Directorate (ED) custody till July 10 by the court of Duty Sessions Judge Devender Kumar Jangala.

Supertech: In its application seeking Aroras 14-day custody, the ED told the court that the accused was required to be interrogated to unearth the larger conspiracy in the case.