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Supertech to file review petition against SC order

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Twin towers built as per law, says the company’s Chairman R K Arora

Realty firm Supertech Ltd on Saturday said it would file a review petition against the Supreme Court order to demolish the company’s twin 40-storey towers in Noida while asserting that the buildings were constructed as per the bye-laws with approval of the competent authority.

Last week, the apex court had ordered to demolish the twin 40-storey towers, part of the Supertech’s Emerald Court project in Noida, Uttar Pradesh.

“While we respect the Hon’ble Supreme Court order, we have decided to re-present the matter before the Hon’ble Supreme Court in a review application as the towers were constructed as per the approval of the competent authority conforming to the Building bye-laws,” Supertech Chairman R K Arora said.

He said in a statement that the Apex and Ceyane towers are not linked to or part of company’s any ongoing project.

Supertech Group is developing 10 crore sq ft across its projects, while Apex and Ceyane towers only constitute a mere 6 lakh sq.ft which is 0.6 per cent of the total portfolio, he added.

“While we have already refunded most of the customers in this project after the Hon’ble High Court, Allahabad decision passed in 2014 – we will further comply with the Hon’ble Supreme Court directions as per the order passed,” Arora said.

Upbeat on prospects

Supertech’s chairman exuded confidence that the order will not adversely impact the company as every project has its own independent RERA Account and cost centre.

“Supertech is a financially stable and strong group.Work is going on at all our project sites as scheduled.

“We would like to reassure all our customers, bankers, vendors and other stake-holders that we will deliver all our projects in the scheduled time frame,” Arora said.

In its order, the Supreme Court directed that the entire amount of homebuyers be refunded with 12 per cent interest from the booking.

The Residents Welfare Association be paid ₹2 crore for the harassment caused due to the construction of the twin towers.

A bench of Justices D Y Chandrachud and M R Shah had said that on April 11, 2014, the verdict of the Allahabad High Court, which directed the demolition of twin towers, does not deserve any interference.

The bench had said the construction of Supertech’s twin 40-storey towers having 915 flats and shops was done in collusion with NOIDA authority, and the high court was correct in holding that view.

The apex court ordered that the demolition exercise of the twin towers be carried out within three months under the supervision of NOIDA authority and an expert agency. The cost of the entire exercise has to be borne by Supertech Ltd.

Source: Supertech to file review petition against SC order

Supertech defends twin towers as legal; to file review petition against SC order

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Supertech Chairman RK Arora is confident that the SC order will not have any adverse impact on the company as every project has its own independent RERA Account and cost centre

Supertech chairman has confirmed that the realty firm will file a review petition against the Supreme Court order to demolish its 40-floor twin towers in Noida. He maintained that the building was erected within the legal framework, following the required bye-laws and with approval from a competent authority.

“While we respect the Hon’ble Supreme Court order, we have decided to re-present the matter before the Hon’ble Supreme Court in a review application as the towers were constructed as per the approval of the competent authority conforming to the Building bye-laws,” Supertech Chairman RK Arora told news agency PTI.

The Supreme Court had ordered demolition of the two towers constructed in Supertech’s Emerald Court project in Noida, Uttar Pradesh. The towers have 915 flats and shops.

In its order, the apex court directed that the entire amount taken from homebuyers should be refunded with 12 per cent interest from the time of the booking. The court also ordered payment of ₹2 crore to Residents Welfare Association for the harassment caused due to the construction of the twin towers.

“While we have already refunded most of the customers in this project after the Hon’ble High Court, Allahabad decision passed in 2014 – we will further comply with the Hon’ble Supreme Court directions as per the order passed,” Arora said.

A bench of Justices DY Chandrachud and MR Shah had said that the April 11, 2014, verdict of the Allahabad High Court, which directed demolition of twin towers, does not deserve any interference.

The bench had said the construction of Supertech’s twin 40-storey towers was done in collusion with NOIDA authority and the high court was correct in holding that view.

The apex court has directed that the twin towers should be demolished within three months under the supervision of NOIDA authority and an expert agency. Supertech has been asked to bear the cost of the entire exercise.

Meanwhile, the Supertech Chairman is confident that the SC order will not have any adverse impact on the company as every project has its own independent RERA Account and cost centre. He clarified that the Apex and Ceyane towers are not part of or linked to any ongoing project of the company.

Supertech group is developing 10 crore square feet across its projects, Arora said, while the two towers span over 6 lakh square feet, making up a mere 0.6 per cent of the company’s total portfolio.

“Supertech is a financially stable and strong group. Work is going on at all our project sites as scheduled. We would like to reassure all our customers, bankers, vendors and other stake-holders that we will deliver all our projects in the scheduled time frame,” he added.

Learn Everything about Jute Rugs

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When you search for the highly popular jute products, the chances are higher that you will find the jute rugs on that list. The reasons are quite common – jute rugs provide incomparable yet natural beauty to a place due to its exotic texture. Jute rugs are made from the high-quality jute fibers and woven into the mesmerizing floor coverings. In simple terms, jute rugs are quite reliable and maintenance-free. You can get in touch with any well-known jute products’ provider like Ghanshyam Sarda from Sarda Group to know more about the usefulness of jute or you can continue reading this post to get some details.

Why Use Jute Rugs?

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Advantages of a Jute Rug

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Cleaning and Maintenance of Jute Rugs

This is one of the most important aspects you should check, research, and talk about before buying a jute rug for your place. By finding the answers, you can better decide whether the chosen material or rug is suitable for your place and its precise needs or not.

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Wrapping Up!

So, these are some important aspects you should know before buying a jute rug. You can also trust Ghanshyam Sarda Jute to explore the industry’s best collection of jute products and buy at the most reasonable rates.

Also Read – Designer wear back in demand, as celebration season kicks off

Supertech to file review petition against SC order; twin towers built as per law: Chairman R K Arora

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New Delhi, Sep 4 (PTI) Realty firm Supertech Ltd on Saturday said it will file a review petition against the Supreme Court order to demolish the company”s twin 40-storey towers in Noida while asserting that the buildings were constructed as per the bye-laws with approval of the competent authority.

Last week, the apex court had ordered to demolish the twin 40-storey towers, which are part of the Supertech”s Emerald Court project in Noida, Uttar Pradesh.

“While we respect the Hon”ble Supreme Court order, we have decided to re-present the matter before the Hon”ble Supreme Court in a review application as the towers were constructed as per the approval of the competent authority conforming to the Building bye-laws,” Supertech Chairman R K Arora said.

He said in a statement that the Apex and Ceyane towers are not linked to or part of any ongoing project of the company.

Supertech group is developing 10 crore sq ft across its projects, while Apex and Ceyane towers only constitute a mere 6 lakh sq.ft which is 0.6  per cent of the total portfolio, he added.

“While we have already refunded most of the customers in this project after the Hon”ble High Court, Allahabad decision passed in 2014 – we will further comply with the Hon”ble Supreme Court directions as per the order passed,” Arora said.

Supertech”s chairman exuded confidence that the order will not have any adverse impact on the company as every project has its own independent RERA Account and cost centre.

“Supertech is a financially stable and strong group. Work is going on at all our project sites as scheduled.

“We would like to reassure all our customers, bankers, vendors and other stake-holders that we will deliver all our projects in the scheduled time frame,” Arora said.

In its order, the Supreme Court directed that the entire amount of homebuyers be refunded with 12 per cent interest from the time of the booking.

The Residents Welfare Association be paid Rs 2 crore for the harassment caused due to the construction of the twin towers.

A bench of Justices D Y Chandrachud and M R Shah had  said that the April 11, 2014, verdict of the Allahabad High Court, which directed demolition of twin towers, does not deserve any interference.

The bench had said the construction of Supertech”s twin 40-storey towers having 915 flats and shops was done in collusion with NOIDA authority and the high court was correct in holding that view.

The apex court ordered that demolition exercise of the twin towers be carried out within three months under the supervision of NOIDA authority and an expert agency, and the cost of the entire exercise has to be borne by Supertech Ltd. PTI MJH HRS

Source: Supertech to file review petition against SC order; twin towers built as per law: Chairman R K Arora

Supertech says towers built as per law, to file review petition against SC order

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Supertech two towers were ordered to be demolished by the Supreme Court over grave violation of building norms.
Supertech will have to demolish the towers at its own expense, the Supreme Court has ordered. (Sunil Ghosh/HT File Photo)
REAL ESTATE

Supertech says towers built as per law, to file review petition against SC order

Supertech two towers were ordered to be demolished by the Supreme Court over grave violation of building norms.

Supertech Ltd chairman RK Arora said on Saturday they will file a review petition against the Supreme Court order to demolish the company’s two 40-storey residential towers in Noida as he stressed that the buildings were constructed according to the law and with approval of the competent authority. On Tuesday, the Supreme Court ordered the demolition of the two towers of Supertech’s Emerald Court project in Noida over grave violation of building norms. The court said the violation was a result of “nefarious complicity” between the Noida Authority and the real estate developer.

“While we respect the Hon’ble Supreme Court order, we have decided to re-present the matter before the Hon’ble Supreme Court in a review application as the towers were constructed as per the approval of the competent authority conforming to the Building bye-laws,” Supertech chairman RK Arora said in a statement, adding that Apex and Ceyane towers are not linked to or are part of any ongoing project of the company.

Supertech Group is developing 10 crore square feet across its projects and Apex and Ceyane towers only constitute a mere 6 lakh sqft which is 0.6  per cent of the total portfolio, he added. “While we have already refunded most of the customers in this project after the Hon’ble High Court, Allahabad decision passed in 2014 – we will further comply with the Hon’ble Supreme Court directions as per the order passed,” Arora said.

Arora also said that the Supremo Court order will not have any adverse impact on Supertech as every project has its own independent RERA Account and cost centre. “Supertech is a financially stable and strong group. Work is going on at all our project sites as scheduled. We would like to reassure all our customers, bankers, vendors and other stakeholders that we will deliver all our projects in the scheduled time frame,” Arora said.

A bench of Justice DY Chandrachud and Justice MR Shah said that the April 11, 2014, verdict of the Allahabad High Court, which directed the demolition of the two towers, does not deserve any interference. The bench said the construction of Supertech’s twin 40-storey towers with 915 flats and shops was done in collusion with Noida authority and the high court was correct in holding that view.

Source: Supertech says towers built as per law, to file review petition against SC order