 "Supertech: UP CM orders SIT probe to fix accountability of Noida officials")
Uttar Pradesh Chief Minister Yogi Adityanath has ordered the setting up of a special investigating team (SIT) to probe the collusion between Noida authority and the real estate company, Supertech for the illegal construction of two 40- storey twin towers--Tower Apex and Tower Ceyane-- in Noida.
"Chief Minister Yogi Adityanath has directed to form an SIT at the government level immediately for investigation in Noida's twin towers case. Instructions were given to fix the accountability of officers of the authority who were associated with this case from 2004 to 2017," said the Chief Minister's office on Thursday.
It added that the SIT has been ordered to take time-bound action.
The Chief Minister on Wednesday said that strict action will be taken against the guilty officials in the Noida twin towers case.
The development came after the Supreme Court of India, on Tuesday, upheld the Allahabad High Court's verdict that had ordered the demolition of two 40- storey twin towers; Tower Apex and Tower Ceyane in Uttar Pradesh's Noida.
A judgement passed by the two-judge bench of the apex court headed by Justice D Y Chandrachud and comprising Justice M R Shah said that the construction was illegal and the result of collusion between Noida authority and the real estate company, Supertech.
The Supreme Court directed the real estate developer Supertech to refund the money of flat owners concerned with a 12 per cent rate of interest within two months.
"Within 2 months, all the amount invested by the allotted flat owners is to be refunded by the petitioner (Supertech)," the apex court said in its judgement today.
The Allahabad High Court had on April 11, 2014, had passed the judgement and directed ordering the demolition of two 40-storey twin towers.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app