The Supreme Court has slammed the real estate developer Supertech over non-payment to the home buyers for the flats which were ordered to be demolished.
A bench headed by Justice DY Chandrachud told Supertech to keep their office in order and to make the payment to home buyers by January 17. It said that no amount should be deducted while giving back the money.
The bench told the counsel appearing for Supertech, “Interest cannot be charged on return of investment. You are looking for all sorts of reasons to not comply with the order of the court. Ensure that the payments are made by Monday, else there would be consequences.”
The top court was hearing a contempt plea by home buyers who paid for the flats on which apex court judgment of August 31, 2021, directed demolition of the twin-tower 40 storeys building of Supertech’s Emerald Court project at Noida. Homebuyers alleged that Supertech invited them to collect their money.
However, 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.