Respected Residents,
Greetings from AOA!
This is to update you regarding the old outstanding water bills shared by Supertech/YG Estate. After seeking legal advice, we have issued a letter to the IRP (Insolvency Resolution Professional) for their acknowledgment and confirmation of liability transfer.
As per the legal framework, once the IRP assumes charge, all liabilities of Supertech are to be borne by the IRP, and no residents will be held liable for these past dues.
We have formally submitted a detailed letter to the IRP, with a copy shared with the Water Department, via email and post. Additionally, we are actively pushing for the change of account names to ensure CZAR residents are no longer held responsible for any old payments.
Furthermore, YG Estate has confirmed that the collected amount of ₹62.2 lakhs (since August 2021) has been deposited with the Water Department. We have requested a complete breakdown of these deposits for our records.
This update is shared for your information and reassurance. Please rest assured that we are diligently working to protect residents’ interests.
Warm regards,
J K Akash
CZAR AOA Team