preloader

HC issues contempt notice against Noida for not registering Lotus 300 flats, ET RealEstate

HC issues contempt notice against Noida for not registering Lotus 300 flats, ET RealEstate

[ad_1]

110687916

Consultant Picture

NOIDA: The Allahabad high court has issued a contempt discover in opposition to the CEO of Noida Authority for failing to register round 300 flats in Lotus 300 in Sector 107. The courtroom rejected the Authority’s petition to assessment its earlier order to register the flats with out insisting on dues that the developer was but to clear.

In its assessment petition, the Noida Authority stated it couldn’t register the flats as a result of the developer was but to pay Rs 166 crore. On Feb 29 this 12 months, a division bench of Justices Mahesh Chandra Tripathi and Prashant Kumar had requested the Authority to execute registries for 300 occupied flats inside a month and ordered an investigation by the Enforcement Directorate (ED) in opposition to all of the promoters for allegedly defrauding homebuyers, the Authority and banks by diverting cash for private achieve.

On Could 16, the division bench rejected the Authority’s enchantment to assessment the sooner order on registry of flats.

“It’s clearly mirrored from the order that has been so handed by this courtroom that each aspect of the matter that has been raised has been examined by this courtroom and within the garb of a assessment software, rehearing can’t be permitted. Consequently, within the info of the case, the assessment software has no benefit and the identical is dismissed, accordingly,” it stated.

Every week in a while Could 23, the identical bench rejected one other petition by a former promoter, Vidhur Bhardwaj, searching for a assessment of the Feb order directing an ED probe in opposition to the builders.

The courtroom noticed {that a} assessment is permissible solely when there may be “an error obvious on the face of the file, i.e., the error ought to be grave and palpable, and it have to be such that it might be obvious on merely wanting on the file, with out requiring any long-drawn strategy of reasoning or reappraisal of your complete proof to seek out the error, as that will quantity to exercising appellate jurisdiction”.

On Could 27, a single bench of Justice Rohit Ranjan Agarwal accepted a plea by Lotus homebuyers {that a} contempt discover be issued in opposition to Noida Authority for failing to execute registries inside a month. The excessive courtroom issued a contempt discover in opposition to Lokesh M, the Authority CEO.

Lotus 300 has 330 flats in complete, of which 300 are occupied.

Bhuwan Chaturvedi, the AOA president, alleged that the Authority had carried out “gross contempt” by not registering the flats regardless of a number of reminders. Since 2022, the undertaking is being managed by an IRP after the Nationwide Firm Regulation Tribunal admitted an software by IndusInd Financial institution and ordered company insolvency decision proceedings. In its Feb 29 order, the division bench had acknowledged that the Authority ought to put up all its claims earlier than the IRP, however proceed with the registries.

  • Revealed On Jun 4, 2024 at 09:03 AM IST

Be a part of the neighborhood of 2M+ trade professionals

Subscribe to our publication to get newest insights & evaluation.

Obtain ETRealty App

  • Get Realtime updates
  • Save your favorite articles


Scan to obtain App


[ad_2]

Source link

Reviews

Leave a Reply

Your email address will not be published. Required fields are marked *

User Login

Lost your password?