The Madras High Court on Tuesday, March 12, 2024, directed Jain Housing and Constructions Limited (JHCL) to disclose all details regarding its current financial health and the properties that it had developed in the past as well as those being developed at present in various places across the country.
Justices S.S. Sundar and N. Senthilkumar passed the interim order on a writ petition related to all three 17-storey residential towers at Jains WestMinster Apartments in Saligramam, Chennai having become unsafe, within seven to eight years of construction, due to chloride erosion.
The judges wanted the builder to submit the financial details by Monday, March 23, 2024, so that they could pass further orders on the writ petition filed by Jains WestMinster Owners Welfare Association (JWOWA). Some individual flat owners too, have been impleaded as parties to the writ petition.
