Delhi HC dismisses Supertech chairman R K Arora's plea challenging arrest by ED
Justice Dinesh Kumar Sharma rejected Arora's claim that he was arrested
Stay updated with breaking news from Supertech Limited. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Justice Dinesh Kumar Sharma rejected Arora's claim that he was arrested
Supertech: Justice Dinesh Kumar Sharma rejected Arora's claim that he was arrested "arbitrarily and illegally" on June 27 without being informed about the grounds of arrest, noting the agency complied with the relevant provisions of law.
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 Court's 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.
The Enforcement Directorate (ED) 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 home buyers of Rs 164 crore.