#SupremeCourt is hearing the NOIDA twin tower demolition case. SC had earlier directed @Supertechltd to commence demolition within 2 weeks 
Sr Adv Ravindra Kumar informs court that a status report has been filed.
Sr Adv R Kumar: Have placed photographs of where demolition has started. All compliance of court's directions done.
Court takes note of compliance
Court takes note of compliance
Order: Decisions taken has been placed on record. Court been approsed that demolition. All stakeholders shall strictly comply with the time schedule mentioned in the status report/directions.
AoR mentions 9m road that Super tech is supposed to reconstruct. If that can made a part of order.
Court notes that the same has been mentioned in minutes of meeting.
Court: List on 17th may, Noida counsel to file updated status report.
Court notes that the same has been mentioned in minutes of meeting.
Court: List on 17th may, Noida counsel to file updated status report.
Sr Adv Ravindra Kumar appeared for NOIDA, ie the new okhla industrial development authority
Adv Gaurav tells status IA
J Chandrachud: Adv Parikh what are your instructions? Have you paid it over? (Settlements)
Adv Gaurav tells status IA
J Chandrachud: Adv Parikh what are your instructions? Have you paid it over? (Settlements)
Adv Gaurav says flats been alloted but they're seeking to redo the settlement
J Chandrachud: We can dispose of IA next week. Mr Jena don't repeat the same thing, will hear on Monday.
(On some being paid higher premiums) J Chandrachud: We can't open all matters like this
J Chandrachud: We can dispose of IA next week. Mr Jena don't repeat the same thing, will hear on Monday.
(On some being paid higher premiums) J Chandrachud: We can't open all matters like this
Adv Aseem: SuperTech should clear all the accounts. Unfortunately, details not there the ratings wrt subvention scheme.
Adv Parikh: Timeline already given that we'll abide by, including clearing of loans by March 31. We'll try and talk to banks wrt ratings but not in our hands
Adv Parikh: Timeline already given that we'll abide by, including clearing of loans by March 31. We'll try and talk to banks wrt ratings but not in our hands
Bench: They're saying because of you their credit ratings are affected
Adv Gaurav: Order modification not warranted. Let the payment be completed then something can be worked out b/w parties.
Bench: Have liberty to come up with fresh report later.
Adv Gaurav: Order modification not warranted. Let the payment be completed then something can be worked out b/w parties.
Bench: Have liberty to come up with fresh report later.
Order on IA: Counsel has said all payments will be complete by 31 May.
Adv Abraham Mathews: Flat cost given back but not loan, EMIs may be paid too.
Court tell adv Parikh to pay entire amount by March 31.
Adv Parikh: One order mentions dealdine as 28 Feb, don't want contempt
Adv Abraham Mathews: Flat cost given back but not loan, EMIs may be paid too.
Court tell adv Parikh to pay entire amount by March 31.
Adv Parikh: One order mentions dealdine as 28 Feb, don't want contempt
[Matter ends]
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