The Supreme Court warned realty major Supertech on Wednesday that its directors would be imprisoned if they did not comply with court orders to demolish the 40-storey twin towers of its Emerald Court project in Noida, and if they did not refund the money to the affected homebuyers. The two towers were declared illegal by the Supreme Court on August 31, 2021, and the apex court gave the company three months to demolish them. The court also ordered the Noida authorities to seek assistance from the Central Building Research Institute (CBRI), Roorkee, in completing this task safely.
With more than four months since the order and more than 250 homebuyers still waiting for their refunds with interest, the bench of justices Dhananjaya Y Chandrachud and AS Bopanna took a harsh stance against Supertech, saying, “We are going to send your directors to jail.” You’re committing a felony in front of the Supreme Court.” The court was informed by the homebuyers that the real estate firm was charging interest on the refund, which was not contemplated in the judgement. Furthermore, the firm agreed to deposit the money in installments after signing an agreement that would release Supertech from all future liabilities and prevent the homebuyers from seeking additional relief from the Supreme Court.
“We’ve discovered that you (Supertech) are employing a variety of ruses to avoid complying with our orders. “Make sure the payments are made by Monday or there will be serious consequences,” the bench warned.
Senior advocate Parag Tripathi, representing Supertech, told the court that two firms – Edifice Engineering and Genesis Engineering – had been shortlisted for demolition and debris removal. He stated that the plans had been forwarded to the Noida authorities and that the CBRI had to finalize them. Senior advocate Parag Tripathi, representing Supertech, told the court that two firms – Edifice Engineering and Genesis Engineering – had been shortlisted for demolition and debris removal. He stated that the plans had been forwarded to the Noida authorities and that the CBRI had to finalize them.
“We will not hear CBRI,” the court told Kumar. Let the authorities in Noida make a decision and issue a statement on Monday.”
Supertech stated that it was willing to work with either of the two agencies to complete the demolition. Homebuyers have also filed contempt petitions against Supertech for failing to comply with the court’s order dated August 31.”The appellant (Supertech) shall within two months refund to all existing flat purchasers in Apex and Ceyane (Towers 16 and 17), other than those to whom refunds have already been made, all the amounts invested for the allotted flats together with interest at the rate of 12 percent per annum payable with effect from the date of the respective deposits until the date of the respective refunds,” the August judgement stated.
On October 4, the Supreme Court dismissed this application, stating that Supertech’s only option was to file a review petition rather than seek modification of its order through an application. Supertech then filed a review petition, which the Supreme Court has yet to consider. The UP government has also directed a special investigation team (SIT) to look into the relationship between the builder and bureaucrats that resulted in the approval of the two illegal towers.