Delhi HC stays 3-year jail to Supertech MD, directs firm to pay Rs 50 lakh to homebuyer

Justice Amit Bansal ordered Supertech to deposit Rs 50 lakh in the home buyer's account within a week. 

New Delhi: In a major relief to Supertech, the Delhi High Court, on Friday (September 25), stayed National Consumer Disputes Redressal Commission’s (NCDRC) order sentencing Supertech's MD Mohit Arora to 3-year imprisonment. The order had also issued an arrest warrant against the head of the realty firm for failing to offer a Rs 1.75 crore refund to a homebuyer. 

In the recent order, Justice Amit Bansal has ordered Supertech to deposit Rs 50 lakh in the home buyer's account within a week out of the outstanding Rs 1.75 crore. Meanwhile, the NCDRC order to sentence the company's MD for three years has been stayed till the next day of the hearing which is on October 4. 

Supertech had filed a plea in the High Court to challenge NCDRC’s September 20 order that was to issue an arrest warrant against the company’s MD if it fails to pay the home buyer in full within one week.