3C Group’s second director arrested

Vidur Bhardwaj, the second director of the defaulting realty firm 3C, facing insolvency proceedings, has been arrested by the Noida Administration after a dramatic chase

Vidur Bhardwaj, 54, the second director of the 3C Group, which is facing insolvency proceedings, was arrested on December 4, 2019, at around 4 pm, after he was intercepted on Kalindi Kunj road between Noida and Delhi, officials said. Bhardwaj was arrested nearly a month after another 3C director Surpreet Suri was apprehended, over the Group’s failure to clear pending dues worth around Rs 100 crores, the Noida Administration said.

“Vidhur Bharadwaj, director of 3C Builder Private Limited was arrested by Dadri tehsil officials, as the company is a defaulter of RERA and local authorities,” district magistrate BN Singh said. Dadri sub-divisional magistrate Rajeev Rai said Bhardwaj has been particularly held, over a recovery certificate of Rs 34 crores against him. “He was in his Mercedes car when our officials intercepted him at the Noida-Delhi border. He then quickly turned around and tried to flee towards Delhi but was chased down and held by the officials in a Mahindra Bolero and Mahindra Scorpio,” Rai said. After Suri and Bhardwaj, the administration is now looking for 3C’s third director, Nirmal Singh, who is also absconding, he added.

 


3C Group’s director held over Rs 100-crore default

A director of real estate group 3C has been arrested for allegedly defaulting on payments of more than Rs 100 crores

November 5, 2019: A director of real estate group 3C was, on November 4, 2019, arrested from his Delhi office by the Gautam Buddh Nagar administration, for allegedly defaulting on payments of more than Rs 100 crores, officials said. Surpreet Suri was absconding ever since three recovery certificates (RCs) were issued against the realty group in 2018 and had stopped coming to the firm’s Noida office, leaving several buyers, who were awaiting possession of their flats, in the lurch, they said.

“Suri was held from his Lado Sarai office in south Delhi today, by a team of Gautam Buddh Nagar administration officials. Three RCs were issued against the 3C Group, including one related to the National Consumer Forum for Rs 35 crores, another for Rs 65 crores and one around Rs 4 crores,” sub-divisional magistrate, Dadri, Rajeev Rai said. “He had become inaccessible to the people and administration officials here, despite such huge payment defaults by his group. He had completely stopped coming to the Noida office and was on the run for over a year now. The district administration was tracking his movements in Delhi and finally nabbed him today. He has been locked up,” he added.

SDM Rai said the administration is also on the lookout for two other directors of the 3C Group – Vidur Bharadwaj and Nirmal Singh. Strict action will be taken against the defaulters, he said. Issuing RCs is a routine process and it is generally done over complaints from home buyers, who either do not get possession in time or are denied refund by a builder, if they seek it, according to the officials. The RCs are sent to the district administration, which then takes action. The administration has several powers, including those to attach accounts and even properties, to ensure the recovery.

 

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