Supertech Realtors alleged that Indiabulls Housing Finance had illegally deducted excess sums of money from its loan account. In its lawsuit, the real estate firm alleged that the total sum accrued to it was ₹5,873 crore but Indiabulls Housing Finance deducted ₹6,150 crore from its loan account.
Supertech Realtors alleged that Indiabulls Housing Finance had illegally deducted excess sums of money from its loan account. In its lawsuit, the real estate firm alleged that the total sum accrued to it was ₹5,873 crore but Indiabulls Housing Finance deducted ₹6,150 crore from its loan account. It alleged that this was a fraudulent act which had public interest ramifications because it would impinge on its ability to deliver flats to customers.
The National Consumer Disputes Redressal Commission presided by Mr. Subhash Chandra as presiding member has allowed a consumer complaint against Supertech Realtor Pvt Ltd. for failing to deliver.
The Consumer Dispute Redressal Commission, Ahmedabad (rural) has ordered Kalkaji police station in New Delhi to arrest the director of Supertech Realtors Pvt Ltd, Harish Chander Chhibber, and produce him before the commission on December 12.