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Buyer lodges FIR Despite Giving Undertaking – Vatika Group

Gurgaon: Incredible though it may sound, the complainants Suman Preet Kaur and Surender Pal Singh, who had lodged an FIR with the Sector 29 police station at Gurgaon on Thursday against Vatika Group officials, did not reveal about the undertaking that the couple had given while purchasing the property mentioned.

According to the undertaking signed on March 5, 2016, Suman Preet Kaur and Surender Pal Singh (complainants) had categorically stated that they have received full and final payment by transferring the funds to a residential project. “The said refund amount (Rs. 21,54,488) has been transferred to my booking in project ‘Seven Elements’ property number A 4-1104 admeasuring 1620 square feet by the developer purely at my request as a special case and not as per the terms and conditions of the allotment letters/the builder buyer agreement,” the third para of the undertaking states.

Not only that, it is further mentioned in the next paragraph that upon transfer of the said amount against the said property, here, she along with her legal heirs/ representatives are not left with any right, title, interest or claim whatsoever over the said property. “The company is now free to deal with the said property in any manner including sale, re-allotment etc of the said property to any third party or as may be desired suitable to them,” the undertaking further states.

When contacted, Vikas Manhas, CRM Head Vatika Group said that they are being implicated in false case. “I am sure the police would find the truth and reality during their investigation,” he said.
He further said that Suman Preet Singh along with her husband Surinder Pal Singh have booked a unit in their project The Seven Elements , Sector 89A, Gurgaon. Construction on the project is per schedule and deliveries are expected likewise.

“Prior to her booking being shifted to the Seven Elements Project from her earlier booking in Vatika One Express City on her own will and request , she had in June 2015 vide her e-mail , requested for cancellation of her earlier booking citing requirements of funds for medical emergency at home. She was duly responded and informed on e-mail that the cancellation of her booking is subject to deductions of earnest money etc. It is important to note that she voluntarily shifted her investment in Seven Elements project and filled and signed the application form for the booking in Seven Elements Project in January 2016 along with her husband. Further she also executed other documents in regards thereof on her own will,” he added.

Corroborating similar views, Vineet Taing, President of Vatika Group, said that it was a mere case of arm-twisting. “The top priority of Vatika – right from the day of its inception – is to safeguard the interest of buyers. The complainants (Suman Preet and her husband) have been hiding and misinterpreting the facts before the police. Sooner or later, the truth will surface before all that she tried to tarnish our reputation in lure of the lucre,” he said.

One thought on “Buyer lodges FIR Despite Giving Undertaking – Vatika Group”

  1. Controversial finance firm Indiabulls Group is facing more trouble after the recent Public Interest Litigation (PIL) filed by noted lawyers Prashant Bhushan and Kamini Jaiswal-led Citizens Whistle Blowers Forum Court demanding Special Investigation Team probe into the irregularities of huge money laundering. The petition filed before the Delhi High Court accused Indiabulls Group and its companies for siphoning and laundering of more than Rs.1 Lakh crores, obtained from Public sector banks and other financial companies.

    PIL pointed out that IBHFL’s outstanding debt crossed more than Rs.96,000 crores and liabilities crossed more than Rs.1.13 Lakh crores. The petition said that major five corporate including Anil Ambani’s Reliance Group, DLF and Maharashtra’s politically blessed Chordia Group, Vatika Group and Americorp Group were disbursed huge loans by Indiabulls Group and some of these companies put the money as an investment as debentures in Indiabulls Group.

    Seeking a probe by SIT, the petition detailed the list of more than 200 shell firms, where money routing, round-tripping, and laundering took place for the past 14 years.

    Unverified Source:

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