Group had faced similar action earlier; current action follows issuance of fresh recovery notices by authorities.
The Wave Group’s Wave Mega City Centre Private Limited had filed for voluntary bankruptcy proceedings on March 26, 2021, leaving homebuyers in the lurch
Wave Group was founded in 1963 by Kulwant Singh Chadha as a liquor distribution company.
Even after 15 years the alleged company has neither provided plots to the buyers nor refunded the amount
The competition between old rivals DLF and Unitech is going to get fiercer. Both are opening malls bang opposite each other in sector 18, Noida, the area‘s retail hotspot. There is a mall here developed by the deceased liquor baron Ponty Chadha‘s Wave Group.
As a group, its better known for its massive liquor business handled by Ponty Chadha, but it is his son Manpreet Chadha who is now coming out with an infrastructure foray.