+
600+ buyers unite against Supreme Constructions' MD plea to quash FIRs
Real Estate

600+ buyers unite against Supreme Constructions' MD plea to quash FIRs

More than 600 homebuyers, who claim to have fallen victim to the deceitful practices of builder Lalit Tekchandani, have united under the leadership of activist Anjali Damania to file an intervention application in the Bombay High Court. Their objective is to oppose Tekchandani's plea for the dismissal of the FIRs lodged against him.

Tekchandani, presently in judicial custody, was apprehended by the police for deceiving the public by soliciting funds for apartments in his Taloja project. In response to the FIR, the Enforcement Directorate (ED) initiated a money laundering case and seized some of his assets.

Recently, the builder sought relief from the high court, urging the quashing of multiple FIRs against him. The court is scheduled to hear the case on Monday. In reaction, the homebuyers, in collaboration with Damania, intend to submit an intervention application contesting his plea.

The group convened a meeting in Ghatkopar to strategize their plan of action. During this session, participants submitted relevant documents to the Economic Offences Wing (EOW) and expressed their intention to approach the Enforcement Directorate (ED). Their goal is to ensure the complete seizure of Tekchandani's assets, safeguarding the investments of the homebuyers.

Damania stated that the group decided to oppose Tekchandani?s plea after gathering evidence of his diverting funds to 18 other companies, which they shared with the EOW. She affirmed their commitment to providing this information to the ED as well, emphasising their aim to protect the homebuyers' interests by attaching the builder's properties.

Kanchan Sharma, one of the complainants, disclosed that she was assured a flat in Taloja in 2013 but never received possession. Despite continuously fulfilling financial obligations, she and her family are still awaiting their flat. Sharma, who lost her husband three years ago, expressed the group's determination to fight for their rights.

"We have been living on rent since 2013. There is no hope of getting neither the flat nor the money we paid. We are exploring all avenues to get our money back," she remarked.

More than 600 homebuyers, who claim to have fallen victim to the deceitful practices of builder Lalit Tekchandani, have united under the leadership of activist Anjali Damania to file an intervention application in the Bombay High Court. Their objective is to oppose Tekchandani's plea for the dismissal of the FIRs lodged against him. Tekchandani, presently in judicial custody, was apprehended by the police for deceiving the public by soliciting funds for apartments in his Taloja project. In response to the FIR, the Enforcement Directorate (ED) initiated a money laundering case and seized some of his assets. Recently, the builder sought relief from the high court, urging the quashing of multiple FIRs against him. The court is scheduled to hear the case on Monday. In reaction, the homebuyers, in collaboration with Damania, intend to submit an intervention application contesting his plea. The group convened a meeting in Ghatkopar to strategize their plan of action. During this session, participants submitted relevant documents to the Economic Offences Wing (EOW) and expressed their intention to approach the Enforcement Directorate (ED). Their goal is to ensure the complete seizure of Tekchandani's assets, safeguarding the investments of the homebuyers. Damania stated that the group decided to oppose Tekchandani?s plea after gathering evidence of his diverting funds to 18 other companies, which they shared with the EOW. She affirmed their commitment to providing this information to the ED as well, emphasising their aim to protect the homebuyers' interests by attaching the builder's properties. Kanchan Sharma, one of the complainants, disclosed that she was assured a flat in Taloja in 2013 but never received possession. Despite continuously fulfilling financial obligations, she and her family are still awaiting their flat. Sharma, who lost her husband three years ago, expressed the group's determination to fight for their rights. We have been living on rent since 2013. There is no hope of getting neither the flat nor the money we paid. We are exploring all avenues to get our money back, she remarked.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?