Supertech — supertech. fraud subvention scheme

Address: Gautam Buddh Nagar, Uttar Pradesh

Website: supertechlimited.com

I am working with india army. With great hope and pride, i invested in hilltown project of supertech (T4 - 1204) as my retirement plan and to invest systematically with my hard earned salary. I opted for subvention plan with indiabulls. As i know of latest, the construction of the project is going on fine and with a delay of approximately two to three years, the project is hopeful to be completed. Kudos for that. This time delay is very normal and acceptable.

The mou for subvention says supertech will pay indiabulls for three years and therafter supertech will pay me and i inturn will pay india bulls till posession. And most of the customers are already availing the same. Everything moved fine till the payment was direct between supertech and india bulls which terminated on 10 aug 18. I was told to process the case for payment which i did on 26 apr 2018, with assurances all along that everything will be done on time. But to my horror, when i checked on 1st aug, i was given a reply that the repayment schedule is wrong by one ms ankita (I belive she is from banking section). It was a jolt since these documents were available for last five months with them and i had assurance on all will be done. I did mange the correct schedule by 7th aug and send to the concerned person. However all my calls and mails did no good as money was deducted by indiabulls on 10 aug itself without supertech paying me.
I have send a mail everyday after that or have spoken to person called satya prakash daily. I am told everyday, that the job will be done that day tself. First was 20th aug, then 25 aug, then month end and last was the sat (08 sep) since it was time for the next emi. It is now 12 days since i am told that the cheque was kept for signing.

A salaried person like me has no cushion like this. With the salaries, one manage the affairs with savings in very planned manner. But this has put all finances in disarray as well as staring at the possibility of dishonouring of cheques issued by me to indiabulls which is a crime.

I understand that supertech has an issue with the supreme court order of one of your key project in noida. But this was there when we signed the agreement also three years back. Still went by the company only for the reason that there was some faith in such a reputed firm.

I do not know if this mail reaches correct person. But it is my compulsion to try and knock at every door since i find that the lower level staff is bend upon adopting such unscruplous and unethical practices. But these cannot be without orders from managment.