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'I'm Yet To Get Refund for Property Booked at Supertech Twin Towers in Noida'

"Though a majority of buyers have been compensated, I am yet to be paid my dues," says Puneet Marwaha.

Puneet Marwaha
My Report
Published:
<div class="paragraphs"><p>Puneet Marwaha had booked a commercial property at one of the twin towers of Supertech.</p></div>
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Puneet Marwaha had booked a commercial property at one of the twin towers of Supertech.

(Image altered by The Quint/Chetan Bhakuni)

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The Supertech Twin Towers in Sector 93A, Noida, are set to be demolished on 21 August. The proposed 40-storey twin towers had 711 property buyers. I was one of them, and my dreams will turn to dust that very day.

Though a majority of buyers have been compensated as per the Supreme Court's guidelines, I am yet to receive my dues.

I booked a property at one of the Supertech Twin Towers on 10 October 2010, after which we kept giving payments. I got possession of the property in 2014. Then, we got to know that the towers' matter was sub judice, and later, a stay order came. And now, it's getting demolished.

We are supposed to get a refund but we haven't so far.

On 25 March 2022, Supertech was also declared bankrupt by National Company Law Appellate Tribunal (NCLAT) and is going through insolvency.

"In 2014, when I got possession of the property, I put up a board to start my business activities and installed a small office temple. That's when the stay order came. I would have expanded my business of property dealings if not for that."

If my business had thrived, there would have been circulation of money, through which I could have covered my daily expenses.

I had paid around Rs 45 lakh for the commercial property that I had booked. And now, I am running after my money and requesting them (Supertech) to refund my money.

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"They are saying that they are struggling with funds. They are giving me assurances that they will return the money, but I don't know when."

I would like to appeal to Supertech to kindly refund my due amount. Please give me whatever is due.

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