INSUBCONTINENT EXCLUSIVE:
Supreme Court has actually cleared the firm for demolishing Supertech's twin towersThe Supreme Court on Monday authorized the proposal for
the demolition company finalised by Noida Authority to raze the twin towers of Supertech's Emerald Court real estate project.The leading
court directed Supertech to sign a contract with demolition company Edifice within a week, after the designer notified that it has agreed
to the agency finalised by Noida Authority
We are presently in procedure of getting NOCs for the demolition, Supertech's lawyer informed Supreme Court
The bench of Justice D Y Chandrachud and Justice Surya Kant was hearing the matter.On January 12, the top court had asked Noida Authority to
settle the name of company which would be given the job to demolish twin towers of Supertech Emerald Court real estate projectSupertech
likewise notified leading court that it will begin the refund process for property buyers whose flats will be demolished.The Supreme Court
on January 12, had alerted Supertech directors to return the cash to property buyers by January 17 or face jail.The real estate firm
informed the court that it has asked homebuyers for their account details and will begin moving the cash from Tuesday (January 18)
morning.The next hearing on the matter has actually been kept for January 21
On August 31 last year, the Supreme Court had directed Supertech to destroy the 40-storey twin towers within three months and provided
directions to prosecute Noida authorities associated with authorizing maps and building strategies in violation of standards.
