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AN Buildwell customers meet Sh. Manoj Tiwari; Seek justice to more than 1200 aggrieved investors

New Delhi, January 22, 2018: In a hope for a much desired relief for thousands of real estate customers in Delhi NCR, a group of over a 100 members of Federation of Spire Edge Customers Association (FOSECA), a registered association of the customers of Spire Edge project representing more than 1200 customers of AN Buildwell Pvt. Ltd., met Bhartiya Janata Party's Delhi President Sh. Manoj Tiwari, Member of Parliament, and updated him of the gravity of the situation.


FOSECA complained to Sh. Manoj Tiwari that the promoters of AN Buildwell Pvt. Ltd. are constantly misleading the buyers and investors of Spire Edge project. The customers have already filed legal complaints against AN Buildwell Pvt. Ltd. and its promoters Sunil Gandhi and SK Hooda. The honorable court has referred the case to the Economic Offense Wing (EOW) which is investing the case of fraud and money laundering against AN Buildwell Pvt. Ltd. and its promoters Sunil Gandhi and SK Hooda.   


Ms. Renuka Kulkarni, Secretary, FOSECA, briefed Sh. Manoj Tiwari about the harassments that the buyers of AN Buildwell has been facing since the launch of the project. Apprising Sh. Tiwari about the entire case, Ms. Renuka Kulkarni explained:
  1. The promoters of AN Buildwell Pvt. Ltd., Sunil Gandhi and SK Hooda first ensured that the company goes into liquidation to escape from their responsibilities and liabilities. However, Honb'le High Court of Delhi put stay on the liquidation procedure
  2. The promoters then tried various means to divert company's funds to other channels so that they can be held with minimal liability.
  3. Lastly, when the customers finally gave up and filed official complaints against the company and the promoters, they tried to mislead the customers by diverting the responsibility to company's consultants and other professionals. 

Ms. Renuka Kulkarni further stated that some of their members had even been intimidated by the promoters for speaking up against them, something that they had formally informed the investigating department.

Raising the doubts further, Mr. Vikas Sethi, President, FOSECA, said, "Why the aggrieved buyers are forced to bear the burden of someone else's mistakes. Why the authorities are not taking any action to safeguard buyers' interest. Is it deliberate?"

Sh. Manoj Tiwari was deeply moved by the plight of hapless aged investors and was extremely upset with AN Buildwell and its promoters. He immediately called up the Commissioner of Delhi Police and assured investors that he would personally accompany them to the Police Head Quarters on 23rd January, 2018. Sh. Manoj Tiwari further assured the complainants that he would not hesitate in asking difficult questions to the Police Department, saying he never believed in ‘Andha Kanoon’.

The Hon’ble Member of Parliament assured the buyers of his assistance and support in all the possible manner. The complainants, comprising investors and customers of AN Buildwell Pvt. Ltd.  were greatly motivated by Sh. Tiwari's pro-active approach and thanked him for his intervention.

FOSECA and SWBA, collectively representing more than 1200 customers of AN Buildwell Pvt. Ltd., have already filed a petition for Revival Scheme of the project in the Delhi High Court. 

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