Delhi Court issues non-bailable warrants against director of Nivas Promoter, ET RealEstate

October 14, 2023

NEW DELHI: The Patiala House Court of Delhi has issued non-bailable warrants (NBWs) against Rahul Chamola who is the director of Nivas Promoters Pvt Ltd in a case registered against him.

Metropolitan Magistrate Vinod Joshi, in an order passed on October 11, 2023, issued NBWs against the builder Rahul Chamola who is the Director of Nivas Promoters Pvt Ltd in a case registered against him.

As per the police in its chargesheet, Rahul Chamola had allegedly induced an innocent home buyer to purchase flats in its project, however, he had failed to deliver the flats to the home buyer and further had cheated the entire amount given in advance for purchase of flats.

The police had alleged that Rahul Chamola used to flaunt his image and relations with cricketer Munaf Patel to entice buyers to invest in the project. However, the project was never completed, leaving buyers in the lurch.

The court was also informed that the accused was on interim bail on the basis of a settlement agreement with the investor, however, had failed to honour the same. Further, the court observed that Rahul Chamola was not appearing before the court and his interim bail had already expired, thus considering the gravity of the offences issued Non-Bailable Warrants against Rahul Chamola.

Earlier, the Economic Offence Wing (EOW) of Delhi Police had arrested Rahul Chamola, for duping home buyers in his projects in Noida. Later Rahul Chamola was granted interim bail by the Saket District Court with the condition that while on bail Chamola was pay the respective dues of the investors/home buyers.

Earlier this month, the Sessions Court of Saket District Court had called upon all the directors of Nivas Promoters Pvt Ltd to appear before the court and to address the grievance of the home buyers, who had pleaded before the court that despite Chamola being on interim bail, he has failed to pay off the outstanding dues of the investors and has made no effort to settle the same.

  • Published On Oct 14, 2023 at 08:46 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Source link

Abhay Singh

Web Developer

Leave a Comment