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Noida twin tower demolition: SC asks Supertech to pay Rs 75 lakh by January to homebuyers

On July 17, the SC asked Supertech to pay Rs 1.25 crore towards refunding 15 homebuyers of the demolished twin towers. The 15 homebuyers had to be paid a sum of Rs 7.04 crore, and currently, Rs 75 lakh remains to be paid ....

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SC issues notice to ED on bail plea of Supertech chairman, Real Estate News, ET RealEstate

The bench asked the agency to file its response and posted the case to November 7 for further hearing. Arora approached the apex court after his plea for bail was turned down by the Delhi High Court. ....

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NCLT admits Supertech ORB to insolvency resolution process

The order was passed in a plea filed by Assets Care and Reconstruction Enterprises Limited (ACRE) for defaulting in repayment of a debt of Rs. 482 crore, which includes both principle and interest ....

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money laundering: Delhi court denies 'default bail' to Supertech chairman R K Arora in money laundering case

R K Arora, the chairman and promoter of Supertech Group, has been denied "default bail" in a money laundering case by a Delhi court. The court dismissed Arora s application for bail, stating that the investigation against him had been completed. Arora was arrested in June under the Prevention of Money Laundering Act. The case against Supertech Group, its directors, and promoters involves allegations of criminal conspiracy, cheating, and money laundering. ....

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Money laundering case: Delhi court denies 'default bail' to Supertech chairman R K Arora | Delhi News

Additional Sessions Judge Devender Kumar Jangala ruled that the Enforcement Directorate (ED) had, in fact, concluded its investigation against Arora. ....

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