The National Company Law Tribunal (NCLT) will hear on Monday the case against Avani Group for delays in delivering promised flats to multiple homebuyers. The case stems from petitions filed by several homebuyers claiming that despite investing significant sums in projects by the Avani Group, securing possession of their dream homes has turned into a nightmare for them. They have alleged fraud on the part of the builder.
The aggrieved homebuyers have claimed that over a decade has passed without the promised flats being delivered, as the projects remain halted and mired in legal complications.
Many buyers, who invested in Avani Group projects, claim that they were promised luxury accommodations which never materialised. Some buyers now find their cases entangled in the NCLT as they seek a resolution.
The buyers have alleged that many projects by Avani Group, including "Avani Grand" near EM Bypass in Kolkata, were never completed despite buyers making substantial payments. Customers, like Kritesh Chopra and Subir Das, were left waiting with no progress on construction.
Several such homebuyers have moved NCLT, hoping that recent legal amendments will pave the path for completion of stalled real-estate projects through alternate developers.
It is also alleged that the issue is not merely limited to West Bengal, as many investors are from other states as well. One such investor is Dilip Kumar Somani, who hails from Assam and claims to have invested in Avani’s project for his son, only to later learn that construction has not started.
A bench of Justice Sanjib Banerjee and Justice Sabyasachi Bhattacharyya of the Calcutta High Court had started to hear the matter in 2017, when several issues came to light during the proceedings. Later, the case was transferred to the NCLT. The case is now listed for hearing on November 11 (Monday).
Despite efforts, ABP Live could not immediately contact the Avani Group for a comment on the allegations. This report will be updated when we get a response.