residential towers belonging to its Emerald Court project within three months and to refund homebuyers within two months.
The case was heard following several petitions of contempt filed by homes buyers over delays in refunds by Supertech. “In our view, the refund which is due and payable arises from the judgement of this court,” the bench of Justices said. “At this stage, when the court is exercising its contempt jurisdiction, it would be necessary to provide a solution that is consistent with the tenor of the main judgement, to effect a refund of the amounts which were paid by the home buyers together with interest as directed”.
The ruling called on Supertech to refund the amounts which are payable on or before the end of February. The court also clarified that the homebuyers who have not filed contempt petitions shall also be entitled to the refund amount with interest. “Don’t make them come to the court with contempt petitions,” the bench told.
Just days after the ruling, Supertech signed an agreement with Edifice Engineering for the demolition of the establishment in Noida. An advance payment has been made to the demolition contractor for the mobilisation of men, machinery and material, Supertech revealed. “A copy of the demolition agreement executed and dully signed by Supertech and Edifice Engineering has been submitted to the Authority. For the safe demolition of twin tower, the company has submitted requests for issuing of required NOCs with intimation to the Noida authority to various departments,” a spokesperson for the company said.
