Wed. Apr 21st, 2021

Vijay Dixit vs State on 18 April, 2017

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2. The allegations in the complaint against the petitioner and his wife,
who were the promoters of M/s Senior Mall having its registered office at
1/1, Shanti Niketan, New Delhi and other unknown persons were that both

BAIL APPLN. 2153/2016 Page 1 of 7
Vijay Dixit and Kalpana Dixit representing themselves to be promoters of
M/s Senior Builders Limited offered lucrative schemes for the purpose of
investment in their Shopping Mall namely Senior Mall, Sector-32, Noida,
U.P. They further assured the credibility of the company, its sound economic
condition and good reputation. They represented that the company had
entered into a collaboration agreement for developing a multiplex-cum-
shopping complex on the land bearing Plot No.BW-55, Sector-32, City
Centre, Noida, U.P. admeasuring 4332 sq. mtrs. allotted to M/s MMT
Amusement Park Pvt. Ltd. and that the construction of the Shopping Mall
would be completed before 31st March, 2006. Pursuant to the representation
of the petitioner and his wife, the complainant entered into a Builder-Buyer
Agreement on 3rd October, 2005 as per which he was allotted space No.F-11
on the first floor of Multiplex-cum-shopping complex admeasuring
approximately 913.12 sq. ft. for a total consideration of ₹30 lakhs which was
paid in installments as desired by the accused persons.

Source: Indian Kanoon

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