MUMBAI:
The Enforcement Directorate had in April attached the properties of Tekchandani and his firm, Supreme Developers and Construction Pvt Ltd (SDCPL), as part of its investigation. Tekchandani, who allegedly siphoned funds belonging to the flat owners, was arrested in March.
Fearful of losing their life savings, the Clan City Welfare Association, a group formed by 157 flat owners of the SDCPL project, filed a petition in the high court, asking for the project to be completed through a government agency or court-monitored committee. They alleged that Tekchandani had duped at least 1,700 flat owners and pocketed over ₹400 crore.
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