Supertech Limited — Default of Contract

Address: Gautam Buddh Nagar, Uttar Pradesh

I had booked a flat with Supertech Group in July 2010 in their project by the name of Socrates at Greater Noida in complex Czar suites. I was promised that I shall be given return cheques of 1% basic flat value every month (1.e. 12% per annum) till flat possession. The MoU also states that post-dated cheques were to be issued till possession. However, the PDCs have been stopped for 7 months now and despite repeated reminders/ requests and visits to their corporate office in Noida, there has been no response from them. I had given them a written complaint on June 1 as also written many mails/visited their CRM without positive response. I am informed through resources that some customers in the same project are indeed getting the PDCs which is against fair competition practice of the competition commission of India guidelines. Now since they have violated the terms of the signed contract on govt. bond paper and not responded despite repeated reminders, I am staring to have the feeling of having made a big mistake by investing in such a project, but am going to make sure I reciprocate their gesture. I am proceeding to file legal case against them and prepared for the long haul. I have also come across sordid tales of similar experience by some other customers and aligning them to be part of this battle.