In a settlement this week, noted Gurugram real estate developer, Universal Buildwell Private Limited, has returned the money taken from four NRI investors to the tune of 11 crores to avoid jail-time.

Four Hong-Kong based NRIs who invested over 9 crores to purchase real estate spaces from Universal Buildwell in its projects, ‘Universal Aura’ and ‘Universal Square’ back in 2010 breathed a sigh of relief when they received their money back from the Developer.  The NRIs were represented through Ashwini Kumar Advocate who also has several cases pending against the builder.

“If there has been any settlement, then the rules of confidentiality prevent me from disclosing any details of the settlement.  However, I can say that my clients do not intend to proceed against the builder in any legal action” said Ashwini Kumar when contacted for his comments.

About Universal Buildwell:

Universal Buildwell Private Limited was registered at Registrar of Companies Delhi on 10 September, 2004 and is categorised as Company limited by Shares and a Non-govt company.

Universal Buildwell Private Limited’s Corporate Identification Number (CIN) is U45201DL2004PTC128962 and Registration Number is 128962.

Universal Buildwell Private Limited registered address on file is 102, ANTRIKSH BHAWAN 22, K.G. MARG, CONNAUGHT PLACE NEW DELHI DL 110001 IN, New Delhi – 110001, Delhi, India.

Universal Buildwell Private Limited has 3 Active Directors: Raman Puri, Varun Puri, Vikram Puri, who are members of the same family.

Universal Buildwell Private Limited is involved in Real-Estate Construction Activity and currently company is in Active Status.

About Ashwini Kumar Advocate:

He is a practicing advocate, enrolled with the Bar Council of Delhi since 2010. He has completed his Master of Laws from Fordham University School of Law, New York, and his Bachelor of Laws from I.L.S Law College, Pune. He is also a New York qualified attorney. Mr. Kumar has played a key role in various matters concerning consumer welfare, environment, and alternate dispute resolution. Apart from that he is a civil lawyer who practices before the Delhi High Court and District Courts of Delhi and Gurgaon. 

For media queries please reach out to:

Meenakshi Gambhir |meenakshi.gambhir@scrollmantra.com| +91 8373909736

Anu Yadav |anu.yadav@scrollmantra.com| +91 9560797265

To speak directly with the advocate:

Ashwini Kumar: +91 9811112671

 

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