In the matter of A N Buildwell Today(18Sep) a meeting took place in O L office (Khan Market) as per the direction of honorable Delhi High Court and following are the updates - SWRA clearly mentioned through it's lawyer to OL office that 1. Fund cannot sell off its share to buyers/Association as they have no interest or credibility. Tomorrow if any shareholder has to be made liable for any wrongdoing buyers will catch a hold of 1/2 shareholder or 1000s of shareholder. This is a ploy to delay the whole process. FOSECA + SWBA marked term sheet + condition from Fund as the basis of conversation again 2. Fund lawyer has no representation in any of the meeting took place in OL office >Fund is only looking to get the commercial gain as in the past also Fund has been asking for Rs 500 extra as revival cess > Fund has never played any active role in revival or bringing any further committed capital and now putting a story at the last minute to extract the maximum and gain out of it >Fund is under the wrong impression or has been mislead by some of its previous director or various association for wrongful gains >Any of such other associations has not submitted its members list in the court till date 3- Fund + Developer definitive agreement + Shareholding further clarification has to be submitted in court. Scheme propounders has to submit the commuted capital anytime soon before further discussion to make it more meaningful. Whereas FOSCEA + SWBA talked about that they don't have anything new about their scheme which is already rejected twice by OL office. When asked about source of Fund in their scheme , no reply. 4- unconstructed flat buyers (Residential and Commercial) are the authentic buyers and 80% of Spireedge customer got the registry and commercial buyer came for commercial venture and benefit and has got the 200 CR of assured return already . Commercial registry holder has nothing to loose if the whole process is delayed whereas residential flat buyers want early and committed revival without any further delay Also, SWRA has shared the previous facts who represented the Fund initially and fund original promoters / director's present location. Fund as a shareholder cannot run away from its obligations. OL office acknowledged that further clarification are required on Fund , Developer, Structure of Board of Directors , Developer and key structure components can be discussed first . Next meeting is on 13 OCT 4:00PM in O L office (Khan Market) and next hearing is on 22nd Sep. --------------------------------- * Updates subject to official confirmation