Builder Shailendra Agarwal, who owes crores, will remain in jail for now. Builder Shailendra Aggarwal, who owes crores of rupees, will remain in jail for now: Tehsil Sadar administration has extended the remand of the jailed builder by 14 days – Agra News

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SDM issued order Builder Shailendra Aggarwal was arrested from Etmadpur on the instructions of SDM Sadar Sachin Rajput. Defaulter Nikhil Homes Pvt. Ltd. And Maa Mansha Devi Cooperative Housing Society Ltd. 39 RCs were issued against him. They had dues of more than Rs 26 crore. After charging interest, the dues became Rs 33 crore.

It is not possible for the builder to get out of jail without paying the dues. 39 RC is pending against him. The period is increasing in every recovery case.

39 RCs have been issued For recovery of the outstanding amount, RERA had issued RC through DM Agra. 39 RCs have been issued against him. For recovery from builder Shailendra Aggarwal, his immovable property Nikhil Park Royal Khasra No. 209-210 Chamrauli Tajnagari Phase II was to be attached and auctioned on October 23. But no one came to bid.

14 days remand extended further SDM Sadar says that the remand period of builder Shailendra Aggarwal has been extended by 14 days. Due to objections on the seized property of builder Shailendra Aggarwal, the auction could not be carried out. The objections raised regarding the defaulter’s immovable property will be resolved. After this the auction date will be decided. The administration had attached the properties of both in July 2023. Nikhil had attached about 200 flats in four blocks of Park Royal Apartment Chamrauli. Dates were fixed twice for the auction of 48 flats of this apartment but due to lack of buyers the auction could not take place.