The builders want NOC from investors' brokers before returning money; brokers seem to be in no hurry

After the Apex Court directed the builders to return money, with interest, to the affected investors, the latter must have heaved au00a0premature sigh of relief. As it turns out, the battle is far from over. The builders are now demanding a no objection certificate (NOC) from the investors' brokers, who seem in no hurry to do so.


Doondahera village in Noida

The possible nexus came to light when one Prateek Sharma, brother of an investor, approached the Supertech builder to take back his money as per the contract. Instead, he was handed over a list of documents to furnish, which included an NOC.


Prateek Sharma