AN Buildwell — sk hooda and sunil gandhi - the loot and scoot brigade in india

Feb 18, 2018

Updated by SurendraKumarHooda Nirav modi,

Accused of pulling off possibly india's biggest bank fraud, joins a list of business tycoons cum economic offenders who fled india after committing fraud.

Vijay mallya

Fugitive tycoon mallya is wanted in india on several charges of fraud and money laundering. He defaulted on bank loans over rs 9, 000 crore and left india more than a year ago using a diplomatic passport. He currently resides in london. He has been declared a "proclaimed offender" on a request by the prevention of money laundering act court on request of enforcement directorate.

On april 18, 2017, mallya was arrested by the uk metropolitan police extradition unit "on behalf of the indian authorities in relation to accusations of fraud", and he was then released on bail pending further consideration of the case.

Lalit modi

52-year-old modi faces charges of swindling money, including siphoning off rs 125 crore from the bcci, the indian cricket board.
He moves to london in 2010. He has been issued series of summons by investigating agencies, to which he did not respond. This prompted ed to request interpol to issue a global warrant against him. Indian courts have issued several non-bailable warrants and sanctions against him for initiating extradition proceedings.

Sk hooda / surendra kumar hooda

He is the promoter and director of an buildwell. A company that's behind spire edge in manesar, a commercial project, and spire woods in sector 103, a housing project. Mired in controversy since the launch of the two projects, all directors (Sk hooda & sunil gandhi) of an buildwell resigned, and construction work at their sites has been at a standstill for three years. The company went into purposeful liquidation in 2016 so as to escape from the liabilities to fulfil obligation towards customers and to cover up their acts of mismanagement. More than 1, 800 buyers have invested in two projects of an buildwell now looking for revival of both the projects.

Feb 18, 2018

Updated by SurendraKumarHooda It all started way back in 2011 when spirewood project was launched by a. N. Buildwell (#skhooda & #sunilgandhi) in [2011]. The project was strategically located on dwarka expressway, sector 103, gurgaon. More than a great investment opportunity, many saw our dream homes in it. Some o[censored]s even saw their retirement abodes in the project. And thus with all these dreams, we became proud owners of flats in the project.

Feb 18, 2018

Updated by SurendraKumarHooda The two projects, Spire Woods and Spire Edge that were launched by the AN Buildwell Pvt. Ltd, have only caused distress and suffering to us, its customers. While we have our investments and interests wedged in these projects, several efforts have been made by everyone to bring these projects to completion and to get the ownership of our homes and units that we bought. However, due to lack of action on account of the promoters and shareholders, the process has further been hard and strenuous.

The main reason of the promoters (SK Hooda and Sunil Gandhi) to liquidate AN Buildwell was to escape from their liabilities towards the customers and to cover up their acts of mismanagement. The promoters have always been against the revival plan even when it has been the best course of action because the revival plan would simply hand over the control of these projects to the customers.

Their plan is simple; create barriers amongst the customers so that they can cash in more time and delay taking any action towards completion of the projects. If they become successful in their tactics then it is only going to kill our chances of getting our homes and properties.

If we get side-lined from our goal then it will definitely be tough to get our homes and properties back as the promoters will try to divide and rule.

So let us hold hands and continue on this journey together without letting any external force to disrupt our mission of getting back our rightful properties and earnings.

Feb 18, 2018

Updated by SurendraKumarHooda At this time, there are several delayed construction projects in our country where some of them are proceeding slowly, while others have come to a complete stop due to several reasons. The question of the hour is, what is our government doing about this?

India is one the developing countries and there are several opportunities for investments, real estate being one of them. Modi ji has been asking nris to invest in india, however, when nris have invested in some of the real estate projects, they have had to face some of the worst problems. Consider the ongoing issue of spire woods and spire edge projects where the construction has halted since last two years. The spire edge project, which is an it park commercial project, has over 1200 investors and about half of them are nris. While the project started on time and about 60–65% of construction is completed, the investors stopped getting their returns from past two years as the developer had filed for liquidation.in such cases, where the nris are investing their hard earned money but are not getting the worth for their money and are getting duped, it becomes difficult for them to reconsider investing in india. Many of these nris have had to make several unwanted trips to delhi to get the matter sorted. It is only now that the matter is being heard in the high court and the revival scheme will soon be implemented to the satisfaction of all the investors and home buyers. But the issue still remains the same, while we all trust our beloved prime minister and his provisions for the citizens, is he listening to our problems?

As can be seen in the case of spire woods and spire edge, even though things are now falling into place with the sustained pressure from haryana government and the buyers, it took two long years of fight and struggle to get the ball rolling once again. Would it not be better, if there were systems and processes in place which would just forbid developers and builders from committing any sorts of frauds and ensuring all projects get completed on time? And it is not just about the builders, there is so much of bureaucracy and there are so many steps involved till the ownership of the property gets transferred to the buyer that one ends up spending more money and time. If all these problems get addressed, then india would definitely be one of the developed countries in the world.

Yes, we do trust modi ji as we can see the efforts that his government is taking in all aspects, and the changes that it has brought in our lives, but if those changes can also be brought in the real estate sector then that would be just the much-needed silver lining.

Feb 18, 2018

Updated by SurendraKumarHooda Several individuals, families, investors and unit holders who have invested in the spirewoods and spireedge, which were launched by an buildwell pvt. Ltd. (Anb) but since 2013-14 the construction had stalled at these sites. The promoters and shareholders had simply dusted off their hands from their responsibilities to complete the construction and hand over our rightful properties to us. Moreover, anb acquired orders for liquidation from delhi high court, which would not only make it easy for the promoters of anb to escape their liability to fulfil obligation towards customers, but also would help to cover up their acts of mismanagement.

Apr 24, 2018

Updated by SurendraKumarHooda Can we add the name of Sandeep Hooda / Sandy Hooda of the Vega School. He happens to be the son for Shri Shri Surendra Kumar Hooda / SK Hooda and has FRI against him by the Gurgaon Court.

I can imagine what kids are studying at the Vega School

https://www.consumercomplaints.in/an-buildwell-good-news-for-the-distressed-spire-woods-spire-edge-buyers-and-bad-one-for-sk-hooda-and-sunil-gandhi-c1873742

Apr 24, 2018

Updated by SurendraKumarHooda Here's the TOI Link https://timesofindia.indiatimes.com/city/gurgaon/file-fir-against-an-buildwell-directors-court-tells-cops/articleshow/63888065.cms

Sandeep Hooda Vega School
Sandeep Hooda Vega School
Vega School Gurgaon