Supertech twin towers case: SC asks builder to refund payments to home buyers by Feb 28
The Supreme Court on Friday directed the real estate developer Supertech Ltd
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The Supreme Court on Friday directed the real estate developer Supertech Ltd
Get latest articles and stories on India at LatestLY. The Supreme Court Friday refused to reopen the settlement reached between home buyers of the to-be razed twin-towers of the Emerald Court project and realty major Supertech Ltd on the refund, saying it has to be fair to the developer too. India News | Emerald Court: SC Refuses to Reopen Settlement of Home Buyers and Supertech on Refund.
A bench of Justices DY Chandrachud and Surya Kant said where home loans are outstanding, the developer shall clear the home loans on or before March 31 and furnish NOCs from the concerned financial institutions to the home buyers no later than April 10.
Complying with the Supreme Court's order, Supertech signed an agreement with Edifice Engineering for the execution of demolition of twin tower and made an advance payment to the firm for mobilisation of men, materials and machines.
SC directs Supertech to make refund with interest to home-buyers of to be razed twin-towers