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.

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