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Supreme Court Set Aside The Order Of Delhi High Court And Asks Director To Surrender As Homebuyers Challenge Protection From Arrest:

Courtesy/By: Sakshi Shukla | 18 Jan 2019

Supreme Court while setting aside the order of Delhi High Court to over 400 investors who have been duped of very large number of investors of crores of rupees invested in the now-abandoned project called Cosmo-city on Dwaraka Expressway, the Supreme Court has order a director of real estate firm ADEL Landmarks Ltd to surrender forthwith while setting aside the order of the Delhi High Court by which he was granted protection from arrest.

A bench comprising of Justice NV Ramana and Justice Mohan M Shantanagoudar ordered Sumit Bharana to surrender immediately in connection with number of cases registered against him and other directors of the real estate firm for duping home buyers by abandoning the project.

The order of the Supreme Court comes on a Special Leave Petition under Article 136 of Indian constitution moved by a number of home-buyers seeking cancellation of interim protection granted to Bharana.

Courtesy/By: Sakshi Shukla | 18 Jan 2019