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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 has dismissed a petition by R K Arora, chairman and owner of real estate company Supertech, challenging his arrest by the Enforcement Directorate in a money laundering case. Arora claimed that he was arrested without being informed about the grounds of arrest, but the court ruled that he had been duly informed. The case against Supertech and its directors stems from FIRs registered by the Delhi, Haryana, and Uttar Pradesh police. The company is accused of defrauding home buyers and misappropriating funds.
Justice Dinesh Kumar Sharma rejected Arora's claim that he was arrested