Noida: Some buyers of the two Shubhkamna Group projects, where no single flat has been delivered so far, has decided to take legal assistance to the recovery process that began against them by the bank not to pay emiss in a row.
Both Projects – Shubhkamna Techome in Noida Sector 137 and Shubhkamna City in Greater Noida – have been warred by the same group that has Impex PSA Pvt Ltd.
On September 24, the buyer Sampada Livia, a jammed project, secured the stay from the Delhi High Court against recovery notice issued by the bank.
Flat in two ShubhKamna projects should be delivered between 2015 and 2016.
In all three projects, including Sampada Livia, not one of the 2,050-odd apartments has been submitted so far.
Many buyers stop paying installments to the bank.
“Initially, the promoter of the three projects was the same, but they hovered different companies to execute them.
Only Sharma and Harish Kumar were sent to their respective prisons in September 2018 and September 2020.
The remaining directors were all run away, “Raju Singhala said, President of the Welfare Association of the Techome Group Shubhkamna Housing.
Sharma Sharma is one of the three Directors of Shubhkamna Buildtech Pvt Ltd and also Chief Executive Officer Impex PSA Pvt Ltd.
Harish Kumar is one of the four Impex directors.
“Some court orders have been issued to them and we have made many complaints to the larger noida authority.
But thousands of buyers are still jammed,” said Subhash Chandra, President of the Shubhkamna City Group Welfare Association of several buyers issued a notice because it did not pay the emis now decided to Move the Delhi High Court to relieve.
According to Chandra, there are more than 100 buyers at Shubhkamna City which have been issued by the Bank so far.
“Some have submitted a court petition.
The others have decided to import themselves and take legal assistance,” Chandra said.
“In our project, close to 10-12 buyers have received notification from the bank.
They will check the orders of the High Court and the buyer’s petition that has been relieved,” Singhala said.