Sink or die but you have to return money to investors: SC tells Supertech - News Summed Up

Sink or die but you have to return money to investors: SC tells Supertech


“Wether you (Supertech) sink or die, we are not concerned. You will have to pay back the money to home buyers. Seventeen buyers have filed a petition before the court, complaining Supertech is refusing to refund the money they paid for buying flats in the Emerald Towers project. Senior advocate Rajeev Dhawan, appearing for Supertech, said the SC cannot “act like a banker” and has to follow principle of equality. To this, the bench asked why Supertech was not giving back the money to all the investors.


Source: Hindustan Times September 06, 2016 14:14 UTC



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