Ending years of uncertainty for Supernova buyers, top court steps in to oversee construction, prevent pressure from lender on homebuyers, and ensure project completed.
The bench directed the CBI to register 7 preliminary enquiries, as suggested in the CBI's affidavit. One of the companies against which an enquiry will be registered is Supertech.
The state-owned construction firm has initiated the process to appoint 12 consultants to prepare detailed plans for 16 stalled projects in UP, Uttarakhand, Haryana & Karnataka.
Builders have been arrested and some declared insolvent. But owners are yet to get their flats. They are banding together on WhatsApp, mobilising Twitter storms, visiting consumer courts, and forming forums.
Bringing every project of Supertech under insolvency proceedings will put homebuyers in a state of uncertainty & ‘cause immense hardship’ to them, says top court.
General MM Naravane’s memoir—Four Stars of Destiny—reveals that he was left hanging by political leadership for more than two hours as Chinese tanks drove towards Indian positions.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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