Mumbai News: Sunteck Homebuyers Move NCLT To Recover ₹7.65 Crore

Posted July 5, 2023 by kajalsharma

Each of the flat purchasers paid ₹25-30 lakh towards corpus at the time of giving possession in 2017.
Twenty-eight residents of the upscale Signia Pearl in Bandra Kurla Complex have moved National Company Law Tribunal (NCLT) against Starlight Systems, an arm of Sunteck Realty, for not having refunded an excessive amount towards maintenance/corpus and management charges to the tune of ₹7.65 crore.

Under the agreement for sale, the developer is supposed to transfer the unutilised amount to each of the apartment buyers through the housing society.

The amount collected was far in excess of the required sum and upon formation of the society on September 4, 2020, the same amount became due which was not repaid by the Corporate Debtor (Skylight Systems),” reads the petition for corporate insolvency resolution process copy.
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Business Address 5th Floor, Sunteck Centre, 37-40, Subhash Road, Vile Parle (East) Mumbai-400057
Country India
Categories Real Estate
Tags sunteck realty , sunteck realty news , real estate
Last Updated July 5, 2023