Tag: Amrapali Group

Release stalled loans to Amrapali Group homebuyers: Supreme Court tells banks

NEW DELHI: Coming to the rescue of thousands of hassled home buyers of Amrapali who saw loans being stalled by banks after the realty group ran into trouble, the Supreme Court on Wednesday directed all financial institutions to disburse their balance funds and restructure the amounts. The top court said that since the projects of […]

Amrapali Group entered into “sham agreements” with firm linked to M S Dhoni: Auditors to Supreme Court

NEW DELHI: Amrapali Group had entered into “sham agreements” with Rhiti Sports Management Pvt Ltd (RSMPL), which promotes brand of Indian cricketer Mahendra Singh Dhoni, to “illegally divert” home buyers money, the court appointed forensic auditors have told the Supreme Court. The forensic audit report accepted by the top court on Tuesday said that Amrapali […]

Supreme Court cancels registration, lease of Amrapali group

NEW DELHI: The Supreme Court on Tuesday cancelled the registration of the embattled Amrapali group under the Real Estate Regulatory Authority (RERA) and the lease of its properties granted by Noida and Greater Noida authorities. A bench of Justices Arun Mishra and U U Lalit appointed the National Buildings Construction Corporation (NBCC) to complete all […]

The writing is very clear on the wall, Supreme Court of India warns Amrapali Group

NEW DELHI: The “writing is very clear on the wall”, the Supreme Court warned real estate firm Amrapali Group on Tuesday over its repeated non-compliance and “hood-winking” of the court’s order. The top court asked the realty firm to reveal by December 3 the details of all its properties in the name of directors, their […]

Supreme Court of India appoints NBCC to construct stalled projects of Amrapali Group

NEW DELHI: The Supreme Court of India on Wednesday appointed state-run NBCC to develop the stalled projects of the Amrapali Group and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate firm. The top court directed the opening of an escrow account in the apex court in which the […]

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