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

23 Feb 2024 CW Team

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.

Infrastructure Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Infrastructure Transport

06 May 2026

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Infrastructure Transport

06 May 2026

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..