RK Arora is an Indian businessman known as the Chairman of Supertech Limited, Noida.
Contents
Wiki/Biography
RK Arora’s full name is Ram Kishor Arora. His zodiac sign is Capricorn. He received his bachelor’s degree in civil engineering. In an interview, he mentioned that when he started his career, he worked from a small office that consisted of only one room. As a child, he dreamed of becoming a sculptor.
Physical appearance
Height (approx): 5′5″
Hair color: gray
Eye Color: Black
family
parents and siblings
There is not much information about his parents and siblings.
wife and children
He is married to Sangeeta Arora.
RK Arora with his wife
His son’s name is Mohit Arora who is the Managing Director of Supertech Limited.
RK Arora with his son
His daughter’s name is Mohini Arora who passed away in 2016. While studying at Regent’s University in London, he tragically died in a car accident on the M20 motorway in Kent. He was driving a BMW with two friends when he collided with a truck. Unfortunately, he lost his life at the scene, but his friends survived. The devastating news was delivered to his family by one of his friends in India.
Daughter of RK Arora
Address
He resides at C-110, Sector-36, Noida.
Career
On December 7, 1995, he founded Supertech with a group of friends. Over the years, the company has expanded its operations and launched real estate projects in 12 cities including Delhi, Meerut, Noida and Greater Noida. In 2006, the company also formed another entity to create, develop and allocate cemeteries. In addition, in 2016, it registered a total of 19 companies. In 1999, he formed Supertech Builders And Promoters Private Limited. In 2005, he started the company Crossings Infrastructure Pvt. Ltd. In 2006, he started the companies Crossings City Private Limited, Crossings Corporate Park Private Limited, Crossings Greens Property Private Limited, Crossings Home Solutions Private Limited, Crossings Realty Private Limited, Crossings Residency Private Limited, Crossings Towers Private Townwellship, Crossings Towers Private Townwellship, Dynamic Towers Private Limited and Supertech Reality Private Limited. In 2007, he created the company Surprise Suppliers Private Limited. In 2009, he established Supertech Cinemas Private Limited and Supertech Holdings Private Limited. In 2010, he established the company Supertech Precast Technologies Private Limited and Supertech Township Project Limited. In 2011, he established the company Supertech Urja & Power Private Limited. In 2017, he created the company Supertech Housing Finance Limited. In 2018, he created the company Supertech Realtors Private Limited. In 2019, he established the company Damodar Engineers Private Limited. In 2020, he created the company Sarv Realtors Private Limited.
Confrontation
On 27 June 2023, he was arrested by the Enforcement Directorate (ED) in connection with a money laundering case from his office in Delhi. The arrest followed a summons by the ED three days earlier. Many First Information Reports (FIRs) have been registered against the company and its directors in Uttar Pradesh, Delhi and Haryana. Allegations in these FIRs have accused the company of collecting money from homebuyers but not delivering the promised flats. As a result of the investigation, it was found that Supertechs Group was taking funds from home buyers and loans from banks for the construction of apartments. However, it is alleged that these funds were misused to purchase land. The purchased land was then used as collateral to cover bank loans. The ED investigation found that the Supertech Group defaulted on payments to banks and financial institutions resulting in loans of Rs. 1,500 crores will turn into non-performing assets (NPAs). Further, on April 12, 2023, the ED seized property worth Rs. 40 crore, including 25 plots of land and buildings in Uttarakhand, as well as Meerut Mall in Meerut, Uttar Pradesh, owned by Supertech and its directors. While appearing before the court on June 28, 2023, the ED said that it had transferred Rs. 638 crores collected from home buyers and received through bank loans. Instead of using these funds to complete the ongoing projects in Noida, it is said that the money was used to buy properties in Gurugram at inflated prices. In addition, he allegedly spent 100 GEL. 154 crore for procurement of ASP Sarin and Rs. 39 crore to acquire Palash Building Solutions. ED further stated that Rs. 444 crores in 2013-14 was used to purchase a company called Sarv Realtors Private Limited. The ED sought Arora’s 14-day judicial remand for further investigation into the allegations.
the chosen ones
- Trade destination: Dubai
- Resort: Himalayas
Facts/Trivia
- In his free time, he enjoys watching the news.
- In March 2022, his company faced financial insolvency and was formally declared insolvent by the National Company Law Tribunal (NCLT). The company had accumulated a debt of about 100 GEL. 432 million.
- In August 2022, it suffered a major setback when the twin towers located in the ‘Supertech Emerald Court’ housing society in Sector 93A, Noida were demolished. In an interview, he talked about it and said:
UP Apartment Act, 1975 and UP Apartment Act, 2010, the developer goes to the authority to get approval. In terms of breaking the law, we have not broken any of them. When these plans were accepted, the flats act was not passed by the Noida authorities. And it wasn’t just for our project, it was for all approvals in the area. Between 2010 and 2014, no one got approval for the apartment deed. There was no special favor for us. What everyone was getting, we got the same.”
Categories: Politics
Source: dienchau2.edu.vn
