EARTH TECHONE CASE IS PENDING IN HON'BLE SUPREME COURT.

UNIFIC TECHONE PATRONS INDEPENDENT ASSOCIATION

UTOPIA

(A NON-PROFIT ORGANISATION REGISTERED UNDER THE INCOME TAX ACT, 1961)

EARTH TECHONE WELFARE ASSOCIATION

TECH ZONE ONE, GREATER NOIDA, UTTAR PRADESH

SUPREME COURT UPDATE

LATEST UPDATE ON CASE

As per the latest update it is to inform you all that:

A resolution plan of Alpha Corp Development Pvt Ltd was passed by CoC in 2019 for the Project.

This plan was approved by NCLT in 2021.

As there were dues of Greater Noida Authority so Greater Noida Authority had challenged this plan in NCLAT in 2022.

This plan was having some provisions against Insolvency code so it was rejected by NCLAT on 30 January 2023 and ordered for inviting fresh resolution plans from builders for the project.

The Plan rejection order was challenged by Alpha Corp Development Pvt Ltd in Hon'ble Supreme court.

Techone Association-UTOPIA and Sapphire Association-SPICA filed a joint appeal in Hon'ble Supreme Court registered under CA/4619/2023

We have demanded the following relief from Hon'ble Supreme Court:

Distribute the dues of Greater Noida Authority on total project area. Dues calculated on the area claimed by buyer should be charged from buyer directly and for all the unclaimed area, the new builder has to pay the dues.
All the Buyers who could not file claim/having agreement with land holding companies should also be included and should be treated in the same way like other majority buyers.
If Alpha Corp is ready to pay the dues on unclaimed area and include the pending buyers, a final chance should be given to him so that project could be revived early, if not then start the process again.
Before starting of process again, Divide all the projects and prepare separate list of buyers projectwise including the pending buyers so that a buyer of specific project can vote on his own project.

Hon'ble Supreme Court has reserved the Final Judgment on this case on 17/01/2026.

LATEST UPDATE

LIST OF REGISTERED CLAIMANTS

FINAL LIST OF TECHONE ALLOTTEES.pdf

LATEST NEWS

MEETING OF ASSOCIATION REPRESENTATIVES IN GNIDA OFFICE

27 DECEMBER 2022

AFTER MEETING WITH CEO MS. RITU MAHESHWARI

SHRI A. K AWASTHY, SHRI SHASHANK RAGHAV, SHRI AK TANDON & SHRI D K SHARMA (LEFT TO RIGHT)

26 DECEMBER 2022

SHRI D K SHARMA WITH CAPT DP SINGH AFTER MEETING GNIDA OFFICIAL MR. V P NAWANI

29 DECEMBER 2022

AFTER MEETING WITH OSD NAVEEN KUMAR SINGH (IAS)

SHRI R. K GAUR, SHRI SHASHANK RAGHAV, SHRI Y K TYAGI, SHRI A K TANDON & SHRI D K SHARMA (LEFT TO RIGHT)

29 DECEMBER 2022

IN THE OFFICE OF OSD

SHRI SHASHANK RAGHAV EXPLAINING THE PROPOSAL IN DETAILS TO GNIDA CONSULTANT

SHRI ANKUR SARASWAT (LEFT) AND SHRI SHASHANK RAGHAV (RIGHT) WITH HON'BLE VICE PRESIDENT SHRI VENKAIAH NAIDU JI

NEWS COVERAGE

DAINIK JAGRAN 24 JULY 2023

12 OCTOBER 2022- DAINIK JAGRAN- UTTAR PRADESH, DELHI NCR EDITION

We are very thankful to our Founder Members Shri A K Awasthy (President), Shri R. K Gaur (General Secretary), Shri Ankur Saraswat, Shri Shashank Raghav and our beloved Late Shri Vaibhav Saxena for their tremendous efforts done continuously since year 2016 for revival of this project and save Crores of Investment done by our thousands of Techone Buyers.