A Delhi court has initiated proceedings to declare builder Rahul Chamola, Director of 'Nivas Promoters Pvt Ltd,' an "absconder" in a case involving alleged cheating of home buyers in a Greater Noida project. The court observed that non-bailable warrants against Chamola were returned unexecuted, citing a change of address without proper intimation. The magistrate ordered the publication of a notice in a newspaper, emphasizing concerns about the accused's attempts to avoid court appearances through frivolous grounds. The case underscores challenges faced by home buyers and raises questions about accountability in the real estate sector.
A Delhi court has taken steps to declare a builder, Rahul Chamola, the Director of 'Nivas Promoters Pvt Ltd,' an "absconder" in a case involving allegations of cheating home buyers in a Greater Noida project. The court noted that non-bailable warrants (NBWs) against Chamola were returned unexecuted, citing a change of address without proper intimation to the court. The magistrate ordered the publication of a notice about the process in a newspaper, emphasizing the frivolous nature of the accused's grounds for seeking exemption from physical appearance.
Metropolitan Magistrate Vinod Joshi, presiding over the case, observed that Chamola, accused of inducing a home buyer to purchase flats in the 'Oneleaf Troy' project at GH01D, Sector-10, Greater Noida, failed to deliver the promised flats and misappropriated the advance payments. To further deceive individuals, Chamola allegedly conspired with Shelendra Sharma to change the project's name to 'Renowned,' launched by Renowned Group through companies owned by Sharma, who is also a co-accused in another FIR against Chamola.
The court, having previously issued NBWs against the builder, noted that the accused had changed his address without providing a reason to the court. The interim bail granted to Chamola had already expired on March 24, 2022. The magistrate, expressing skepticism about the accused's claims, ordered the publication of a notice in a newspaper regarding the process of declaring Chamola an "absconder."
The police's allegations state that Chamola exploited his purported association with cricketer Munaf Patel to attract buyers to invest in the project, named 'Oneleaf Troy.' However, the project remained incomplete, leaving the buyers in a tough spot.
The court's decision to declare Chamola an "absconder" signifies a significant development in the legal proceedings, highlighting the challenges faced by home buyers and the alleged fraudulent practices in the real estate sector. The accused's attempts to avoid court appearances by citing frivolous reasons have further raised concerns about accountability and transparency in such cases.
The ongoing legal battle underscores the need for robust mechanisms to protect the interests of home buyers and hold developers accountable for their commitments. The publication of the notice in a newspaper is expected to serve as a formal step in the process of declaring Chamola an "absconder," emphasizing the court's commitment to pursuing justice in cases of alleged fraud and misconduct in the real estate industry.
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