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.
Cook will hand over the reins to Ternus on 1 September, capping a 15-year tenure that turned the company into a $4 trillion business spanning watches, video streaming & financial services.
This special edition of Cut The Clutter, straight from the Siliguri corridor, details the strategic importance of the narrow strip of land in West Bengal, and how it’s a vital link connecting the Northeast to the rest of India.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
COMMENTS