In March this year, Supertech had promised to complete its projects on time and give their flats to homebuyers. Along with this, it had also given a statement about selling its land in many places to pay off its debt.
The Supreme Court in its order today dropped initiation of Contempt proceedings against real estate company ‘Supertech’ after it refunded the amount to many homebuyers in one of its housing projects in Noida.
– ANI (@ANI) July 9, 2021
UP RERA expressed displeasure
At the end of last month, the Uttar Pradesh Land Estate Regulatory Authority (UP RERA) had expressed displeasure over the pending cases of the Supertech Limited builder. RERA Chairman Rajeev Kumar had said that if there is laxity by the builder, action will be taken under other provisions of the RERA Act in addition to section 63 to protect the interests of the allottees.