AMR Update - Investors duped by builders cannot be left high and dry: court - Tue, Sep 05 2017. 08 34 PM IST
Special judge Kamini Lau made the scathing observations in an order dismissing the bail plea of one of the arrested directors of the real estate firm AMR Infrastructure Ltd. PTI New Delhi: The investors, who have been duped by unscrupulous builders, cannot be left high and dry, a special court has said while denying bail to a director of a real estate firm accused of duping 200 investors of crores of rupees. The developers cannot be permitted to arm-twist the investors into falling in line, it said. Special judge Kamini Lau made the scathing observations in an order dismissing the bail plea of one of the arrested directors of the real estate firm AMR Infrastructure Ltd. “Any builder/developer who dupes by inducing, alluring, painting false pictures, selling and diverting the offers and then arm-twist the investors, has to face tough legal consequences and the rights of common man cannot be compromised only because those in dominant positions have the best legal advice vis-...