After 7.5 years of proceedings, the ₹461 crore housing project of Era Landmarks went to a company whose highest-ever turnover is just ₹4.7 crore.
Our system is now failing standards that even Nigerian scammers might find ambitious.
Jai Hind
Jai @IBBIlive
Jai @MLJ_GoI
A company with zero employees, recurring losses, and 2-4 Cr turnover was considered capable of completing ₹5000+ Cr real estate projects.
NCLT took 7.4 years just to realise this basic fact.
The system is blind or compromised?
#NCLT#NCLAT#Corruption#ERA#ADEL#SCAM
NCLT took 7.4 years to realise that the bidder in Adel ERA insolvency is a loss-making company, zero employee and fake projects.
Shockingly - NCLAT has asked NCLT to recheck whether this company is even capable of executing a ₹3000 Cr project.
This is nothing but open LOOT.
Meet the “famous” Insolvency Resolution Professional Mr. @upatwardhan1 - court-appointed IRP/RP in Adel Landmarks case.
Homebuyers expected justice, but under his watch it became years of delay, EMI+rent burden & mental torture.
#Faridabad#NCLT#Adel#Era@IBBIlive
हम 𝟕𝟎𝟎 परिवार, जिनका पैसा बिल्डर और सरकार ने मिलकर लूटा, इस झूठी रैली का खुलकर विरोध करते हैं।
हम आम जनता से निवेदन करेंगे कि फरीदाबाद में चल रही महा लूटों का खुल कर विरोध करें।
#Adel#Era#Faridabad#Fraud#फर्जी_विकसित_फरीदाबाद_रैली