The Supreme Court today came down heavily on Supertech Builders for not returning the money of homebuyers for the flats to be demolished in its 40-storeyed Emerald Court twin tower project.
The bench of Justice D.Y. Chandrachud and Justice A.S. Bopanna directed the real estate firm to either return the money by January 17, or get ready to be thrown behind bars.
The Apex Court also asked the Noida Authority to finalise the name of the agency, which would be given the task to demolish the twin towers of Supertech Emerald Court housing project.
Justice Chandrachud directed the authority to respond on January 17.
The Court was hearing contempt pleas by the homebuyers, alleging that while on one hand, Supertech invited them to collect their money, but when they approached the company, they were told that the money would be paid back in installments together with certain deductions, which were not indicated by the Court.
The bench also told Supertech not to make deductions in the money to be refunded, which have not been ordered by the Court.
The three-month demolition deadline for the 40-storeyed twin towers in Noida is over, but the demolition is yet to take place.
On August 31, 2021, the Supreme Court had directed Supertech to demolish the twin towers within three months and gave directions to prosecute Noida officials involved in approving maps and building plans in violation of norms.