All rights reserved. For reprint rights: Times Syndication Service. Market Watch. Pinterest Reddit. By Sharmila Bhowmick. Over the last five years, owners of flats in Lotus 3c Company, 3f, Zing, Lotus and Panache have knocked on every possible door to get work on their houses re-started. Without much 3c Company, they have taken legal recourse. Hanisha Jagtiani would travel all the way from Mumbai every time there was a hearing at UP-Rera on her much delayed flat in Noida.

Floated by promoter trio Nirmal SinghSupreet Singh and Vidhur Bhardwaj3C is the company behind projects with the Compwny brand name 3c Company yet another player from NCR, after Jaypee and Amrapalithat finds itself embroiled in insolvency proceedings.

The company, which introduced a slew of residential projects 3c Company 10, flats Clmpany Noida between andstill has around 6, flats to deliver to buyers. The buyers hope insolvency proceedings will help out the house in order, to the extent that the IRP or 3C itself can complete the flats.

So, inthe homebuyers went to Compant National Company Law Tribunal NCLTand appealed for liquidation and a refund in the capacity of financial creditors. Of the 3, flats there, the company has only delivered 1, In Decemberthe directors were arrested for allegedly diverting Rs crore of the Rs crore collected from buyers of Lotus We stayed Swm Company Oxford Ms Mumbai then, and for every hearing, we would have to fly down to Noida.

But the builder would never turn up. We would visit their offices, but to no avail. This became a fruitless exercise. We booked the flat when we were expecting our baby. But by then, 3c Company Authority had claimed its land dues to the tune of Rs crore. Asked how he planned to deliver the flats, promoter Nirmal Singh painted a positive picture. For Lotuswhere the builder has been accused of diverting funds, Singh sees no problems. The amount due to us from buyers is Rs crore.

But the Comoany are a tired Compwny too. I am a single mother and I booked two flats at Lotus Panache in — one for me and another for Companyy mother. It still seems like a long wait. With Lotus 3d, I am only an investor. Singh says he is a victim too.

Builders are under huge pressure. GST norms, CCompany of liquidity in the market… how do we manage? Noida flats. Nirmal Singh. Follow us on. Download et app. Become a member. To see your saved stories, 3c Company on link hightlighted in bold. Fill in your details: Will be displayed Will not be displayed Will be displayed. Share this Comment: Post to Twitter.

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