Unitech Escape

A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud appointed advocate Gaurav Agrawal as amicus curiae and asked him to create a web portal on which the 600-odd homebuyers in Emerald Court housing complex in Noida could indicate whether they wanted refund of their money.

When some lawyers, who have invested in Supertech's 40-storey twin towers in Emerald Court, said they would prefer to take flats instead of refund, the bench said a clear choice will have to be made and those who do not opt for refund now would not be permitted to do so in future.

The SC asked the amicus curiae to prepare a list of homebuyers who preferred refund and asked Supertech to see that all of them were returned their principal investment amount with 14% interest.

Source : http://timesofindia.indiatimes.com/india/sc-to-supertech-give-flats-or-refund-money-with-14-interest/articleshow/60801869.cms

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