Bombay HC orders Sidditech Developers' case to be handed to EOW
Miffed with the local police for not taking action on complaints filed by flat purchasers in 2018 and 2019 accusing a developer of cheating them of crores, the Bombay high court directed the police commissioner to consider transferring the case to the Economic Offences Wing’s housing wing. “It appears that, as usual, the police have not taken any action on the said complaints though the fraud is to the tune of several crores,” said a bench of Justice Shahrukh Kathawalla and Riyaz Chagla, while hearing 14 petitions by residents of Siddhi Samarpan building in Dahisar (W). The petitioners had purchased the flats from the free sale component of the slum rehabilitation project carried out by Neha and Hemant Agarwal of Sidditech Developers. The petitioners’ advocates, Anoshak Davar and Parth Shah, told the court that after they paid 95-100% of the purchase amount, many received notices from DNS Bank stating that the developer had obtained loans and since December 2015, created mortgage of the flats sold to them.
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