Thursday, March 28th, 2024

Supertech Group’s office sealed in Noida, builder said – government’s action is illegal


Photo: File supertech office sealed

The Gautam Budh Nagar district administration has sealed the office of real estate company Supertech Group in Noida over dues. While giving this information on Wednesday, officials said that the process of sealing the office started on Tuesday afternoon under the supervision of Dadri Tehsildar. On the other hand, the Supertech Group has condemned the action of the district administration. Describing the administration’s action as illegal, the builder group has told the office of Supertech Limited while the recovery is to be done from Supertech Township.

Let us tell you that the district administration had recently started the process of recovering dues from the Supertech Township unit of the real estate group. The action was initiated against the recovery certificate issued by the UP Real Estate Regulatory Authority (RERA). Confirming the development, Additional District Magistrate (Finance/Revenue) Vandita Srivastava said, “Yes, the office has been sealed.”

The company said the action is illegal

A company official said, “The illegal action is going to cause a lot of trouble to the home buyers. The customers have to visit these offices for their various needs. But due to the sealing, the customers will be the most upset. The action of the district administration in sealing the offices is illegal as the company is under the corporate insolvency process initiated by the NCLT.

PressWire18 provides latest news, bollywood news, breaking news hollywood, top tech news, business standard news, indian economy news, world economy news, travel news, mumbai news, latest news mumbai loksabha election 2024, video viral news, delhi news, Only at Only at Presswire18.com

Company will appeal

“The action of the district administration in sealing the offices including the interim resolution personnel appointed by the NCLT would also amount to contempt of court,” the company claimed. The company official said that the IRP has written to the district administration to de-seal the premises immediately, and is also planning to take up the matter with the National Company Law Tribunal (NCLT) or the Supreme Court.

READ ALSO :   Market closed with big gains, Sensex jumped 655 and Nifty 203 points - News

Latest Business News


If you want to buy a house in the coming financial year, save tax

Photo: CANVA Money Saving Tips for Buying a Home Home Loan: Big money is needed to buy a house. It is very difficult to buy it with less capital. Buying a house is everyone’s...

Indians are liking American apples very much, imports increased 16 times in 1 year – Presswire18 English

Photo:FILE Apple Indians are liking apples a lot these days. According to statistics, export of apples from America to India has increased 16 times compared to last year. This export has increased after India...

Interests of farmers and dairy sector will be taken care of in Free Trade Agreement: Piyush

Photo: PTI Piyush Goyal European Union (EU) India will fully protect the interests of farmers and dairy sector in the proposed Free Trade Agreement (FTA) with India. Union Commerce and Industry Minister Piyush Goyal...