Noida administration seals Supertech Group office, Real Estate News, ET Real Estate

[ad_1]



<p>file photo</p>
<p>,<figcaption class=file photo

Noida: The Gautam Buddha Nagar The district administration has sealed the office of the real estate chief. Supertech Group In Noida more due, officials said on Wednesday. The builder faction has called the administration’s action as illegal supertech limited while to be recovered from Supertech Township,

The district administration had recently initiated action to recover dues from the real estate group. supertech Township Unit. The action was initiated against the recovery certificate issued by the UP Real Estate Regulatory Authority (RERA).

Confirming the development, Additional District Magistrate (Finance/Revenue) Vandita Srivastava said, “Yes, the office has been sealed.”

According to officials, the process of sealing the office started on Tuesday afternoon under the supervision of Dadri Tehsildar.

Meanwhile, the Supertech Group Condemned the action of the district administration.

“The illegal action has caused a lot of inconvenience to home buyers who have to visit these offices for their various needs,” said a company official.

“The action of the district administration in sealing the offices is illegal as the company is under the corporate insolvency process initiated by the NCLT. Over,” the executive said.

The executive claimed, “The action of the district administration in sealing the offices including the Interim Resolution Personnel appointed by the NCLT would also amount to contempt of court.”

The executive said that the IRP has written to the district administration to de-seal the premises immediately, and is also planning to take up the matter with the National Company Law Tribunal (NCLT) or the Supreme Court.

In August last year, the twin towers of the Supertech Group were demolished following a Supreme Court directive by August 2021 to raze the illegally built structures. The Supreme Court had said that the towers were built in violation of building norms.

  • Published on April 19, 2023 at 06:30 pm IST

Join a community of 2M+ industry professionals

Subscribe to our newsletter to receive the latest insights and analysis.

Download e-Realty App

  • get realtime updates
  • Save your favorite articles


scan to download app


[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *