lotus group
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The pre-scheduled auction of two properties of 3C Company for repaying the outstanding dues of the homebuyers has been postponed after the court order by NCDRC [National Consumer Disputes Redressal Commission], the Noida district administration informed.

On Thursday, the auction proceedings were directed to be suspended on a petition filed by Rupinder Singh Gill, a resident of Ludhiana. He filed a complaint in the Allahabad High Court stating that the properties up for action on October 10 were sold to him on 8th October by the company’s directors.

BN Singh, the district magistrate said that now that the matter is in front of the court and a case is filed seeking objection on the property ownership, I have directed the Noida Authority to investigate the case in the same context.

The magistrate then said that the auction process will take place once the investigation of property title is completed while keeping the court’s order in view.

However, Sahil Sethi, the advocate representing the Lotus Panache Welfare Association [LPWA], said that we found this case suspicious as the homebuyers were not involved while taking this legal action.

He further said that the homebuyers filed a case with [National Consumer Disputes Redressal Commission] NCDRC to seek compensation for the outstanding amount. Also, we were not informed about any such case being filed with the court and thus we feel this as a process to stall the auction procedure.

Earlier, this month, the homebuyers of LOTUS Panache registered FIR with the Economic Offence Wing of Delhi Police and accused the developer 3C Company for their indulgence in financial fraud.

The NCLT [National Company Tribunal Law] initiated insolvency proceedings against the company the next day after this FIR was filed.

Amit Chauhan, one of the members of LPWA [Lotus Panache Welfare Association] had said that the FIR is lodged against three promoters of 3C Company namely Nirmal Singh, Vidur Bhardwaj, Supreet Singh Suri and their associates.