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
Infrastructure Energy

Solar, Wind Bolster Thermal Power Amid Record Demand

This summer, solar and wind energy have significantly aided thermal power in meeting India's record power demand. On May 30, 2024, renewables provided 15% of the total power, with peak demand reaching 250 GW. The Ministry of Power highlighted the crucial role of solar and wind energy in meeting this demand during specific hours. Thermal power contributed 176 GW, with coal being the primary source, supplying 68% of the total power. South and North India were major contributors to renewable energy, with solar generating 421.19 MU, led by Rajasthan, Gujarat, and Karnataka. Wind energy generated..

Next Story
Infrastructure Urban

India Leads Indo-Pacific Economic Pact Signing

India, along with the United States and twelve other nations, has signed a significant economic pact aimed at bolstering cooperation and development across the Indo-Pacific region. This pact, signed by leaders from these countries, marks a crucial step towards strengthening economic ties and fostering regional stability. The agreement focuses on enhancing trade relations, promoting sustainable development initiatives, and addressing shared challenges such as climate change and infrastructure development. Key areas of collaboration include technology transfer, investment facilitation, and stra..

Next Story
Infrastructure Energy

Adani Commits $1 Billion to Sri Lankan Wind Projects

Adani Group has announced plans to invest over $1 billion in wind energy projects in Sri Lanka, marking a substantial commitment to bolster the country's renewable energy sector. This investment underscores Adani's strategic focus on expanding its presence in renewable energy across international markets. The proposed wind projects aim to enhance Sri Lanka's energy infrastructure, contributing to sustainable development goals by increasing clean energy capacity. Adani's initiative is expected to create employment opportunities and stimulate economic growth in Sri Lanka, while also fostering t..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram