SC grants interim protection to Mumbai builder in cheating case
Real Estate

SC grants interim protection to Mumbai builder in cheating case

The Supreme Court has granted interim protection from arrest to Mumbai-based developer Rajesh Jain, accused of cheating a doctor by promising a flat in his Wadala (West) project. The interim relief comes after the Bombay High Court rejected his pre-arrest bail plea on August 26.

A bench of Justices Sudhanshu Dhulia and Ahsanuddin Amanullah issued a notice to the complainant, Dr Bharati Patil, and scheduled the next hearing for October 25. The court directed that no coercive action be taken against Jain, provided he cooperates with the investigation.

The case stems from a 2012 interaction when Jain, representing the Neumac Group, allegedly convinced Dr Patil and her son, Dr Nirmal, to invest in his Neumac Aura project, promising them a flat at a discounted rate. Over the years, Rs 9 million was transferred to Jain?s firm in three installments. In August 2019, Jain issued an allotment letter for a flat, but when the buyers visited the site, no development had taken place. Jain later refused to refund the money and allegedly issued threats.

The Bombay High Court rejected Jain's bail request, citing dishonest intentions. However, Jain's appeal to the Supreme Court argues that the dispute is civil in nature and that he had been willing to refund the money, but negotiations failed due to Dr Patil's demand for 24% penal interest. He also noted that the matter is being adjudicated by MahaRERA, which he claims is the proper forum for resolution.(ET)

The Supreme Court has granted interim protection from arrest to Mumbai-based developer Rajesh Jain, accused of cheating a doctor by promising a flat in his Wadala (West) project. The interim relief comes after the Bombay High Court rejected his pre-arrest bail plea on August 26. A bench of Justices Sudhanshu Dhulia and Ahsanuddin Amanullah issued a notice to the complainant, Dr Bharati Patil, and scheduled the next hearing for October 25. The court directed that no coercive action be taken against Jain, provided he cooperates with the investigation. The case stems from a 2012 interaction when Jain, representing the Neumac Group, allegedly convinced Dr Patil and her son, Dr Nirmal, to invest in his Neumac Aura project, promising them a flat at a discounted rate. Over the years, Rs 9 million was transferred to Jain?s firm in three installments. In August 2019, Jain issued an allotment letter for a flat, but when the buyers visited the site, no development had taken place. Jain later refused to refund the money and allegedly issued threats. The Bombay High Court rejected Jain's bail request, citing dishonest intentions. However, Jain's appeal to the Supreme Court argues that the dispute is civil in nature and that he had been willing to refund the money, but negotiations failed due to Dr Patil's demand for 24% penal interest. He also noted that the matter is being adjudicated by MahaRERA, which he claims is the proper forum for resolution.(ET)

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?