AN Buildwell, Noida denied bail for delay in possession

ANBuildwellBy Accommodation Times Bureau

New Delhi, October 13, 2017: Saket District has denied anticipatory bail application against promoter of AN Buildwell and Viridian WTC Mr. Ashish Bhalla.

On September 22, the court had issued an arrest warrant against Mr. Bhalla for his involvement in a scam of siphoning of funds from two projects of AN Buildwell.

The Hon’ble Judge Mr. Sanjiv Jain of Saket Court passed the order on October 11, 2017 and dismissed Mr. Ashish Bhalla’s Bail Application by observing the facts that accused does not deserve to be released.

The developer had launched two projects Spire Edge IT Park, Manesar and Spire Wood at Sector­103, Gurgaon, Haryana. Both the projects are incomplete as their construction stopped in 2014-2015 due to paucity of funds to complete the projects.

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