SC orders refund of principal to home buyers of Supertech

SC orders refund of principal to home buyers of Supertech
24/10/2017 , by , in News/Views

The Supreme Court on Monday directed its registry to refund the principal amount paid by 26 home buyers of Supertech’s Emerald Court project in Noida who want their money back.

Supertech has already deposited Rs 20 crore in the court’s registry as per earlier orders. The next date of hearing for deciding the interest payable for delay in the case has been kept on December 4.

The Supreme Court in August had directed builder Supertech to deposit Rs 10 crore with the court’s registry. The apex court has also directed the real estate firm to process all the applications already filed by the home buyers seeking refund.

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