Page 2 - Amrapali Group

Unclaimed Amrapali flats maybe resold as SC final notice be given to buyers

Top court said that it will direct that a 15-day notice be issued to the 9,538 buyers to update their registration and make payments, failing which these units would be considered unsold and auctioned

Banks show interest in funding stalled projects of Amrapali group: NBCC

State-owned NBCC Ltd on Tuesday said that banks have shown interest in providing funds to complete the stalled projects of defunct Amrapali group. On July 23, 2019, the Supreme Court ordered cancellation of the registration of Amrapali Group under real estate law RERA. The court had directed NBCC to complete the stalled projects of the group. In a statement, NBCC said that the monitoring committee appointed by the Supreme Court convened a meeting on Monday with nationalised and private banks to discuss the financing for Amrapali Projects. NBCC's Executive Director was present in the meeting. "Post MoU signing of Ld Court Receiver with SBICAP Ventures Ltd for funding 6 Amrapali Projects at Noida and Greater Noida last week, other reputed banks have shown interest in funding the stalled Amrapali Projects," NBCC said in a statement. More than 42,000 homebuyers, who have been waiting for possession of their dream homes, will be benefited by this progressive initiative, it ...

Delhi Police arrests directors of Amrapali group in 2 cases of cheating

The Economic Offences Wing of the Delhi Police has arrested the directors of Amrapali group in connection with two cases of cheating, an official said

SC transfers probe of all homebuyers' cases against Amrapali group to ED

Several cases were lodged by homebuyers' against Amrapali Group, after the management defaulted in timely delivery of flats and denied the agreed conditions

ED to question JP Morgan officials including Chinese director over Amrapali

Officials probing money laundering crimes said this is the first time that the apex court has sought transfer of such funds in its accounts after being satisfied with the provisional attachment order.

Amrapali group auditor sent to 7-day custody by ED special court

The Enforcement Directorate had called Mittal for interrogation on Monday.

Release stalled loans to Amrapali Group homebuyers: SC tells banks

The top court's order came on an application filed by court receiver senior advocate R Venkataramani, who has been appointed as a custodian of properties of Amrapali Group

Ready to fund stalled projects of Amrapali Group: SBICAP to Supreme Court

A bench of Justices Arun Mishra and U U Lalit was told by counsel appearing for SBICAP Ventures that it would apprise the court about its concrete proposal by next week

SC allows ED to attach JP Morgan's assets in FEMA violation case

JP Morgan was engaged in transactions with the now-defunct Amrapali Group to allegedly siphon off home buyers money in violation of the Foreign Exchange Management Act (FEMA) and FDI norms

SC seeks homebuyers, NBCC suggestion on Amrapali unsold inventory

Top court to next hear the matter on October 4, seeks govt suggestion on how GST will be charged

Supreme Court clears way for ED probe in Amrapali group case

SC bench also asked the audit report to be given to the Institute of Chartered Accountants of India (ICAI)

NBCC to get Rs 7 cr to finish 2 Amrapali projects; ED gets audit report: SC

Forensic audit report be given to ED, Delhi police, ICAI in Amrapali case: SC

Start registration of Amrapali homebuyers or face jail: SC to Officials

Noida and Greater Noida officials had, in their submissions, told the two-judge bench that a special cell with dedicated officers had been created for the homebuyers of Amrapali

Tale of the treacherous trio: How Amrapali owners diverted homebuyers money

The promoters had diverted over Rs 5,000 crore through bogus methods like loans and advances between group firms at inflated rates and unaccounted transfer of funds to the promoters.

Will Unitech homebuyers get their dream homes? Well, there is a proposal

In a ray of hope to harassed homebuyers, the Centre told the Supreme Court that NBCC Ltd was willing to take up the stalled housing projects of the cash-strapped real estate major Unitech Ltd.

The short-lived invincibility of real estate baron Anil Sharma

Till everything fell apart, his close friends believed that the man, known for his sharp wit, great people skills and always equipped with a 'Plan B', could get out of any crisis

Amrapali diverted home buyers' money to Sakshi Dhoni's firm: Auditors to SC

In April this year, Dhoni had moved the apex court seeking protection of his ownership rights on an over 5,500-square feet penthouse he booked 10 year ago in a project of Amrapali Group

How JP Morgan colluded with Amrapali Group to divert funds, dupe homebuyers

JPMorgan invested around Rs 85 crore in an Amrapali Group company's shares and later sold them to an office boy and nephew of the auditor for Rs 140 crore

ED files money laundering case against Amrapali Group, promoters

ED's zonal office in Lucknow filed a case under the Prevention of Money Laundering Act early this month after taking cognisance of at least 16 FIRs registered against the group by Noida Police

SC cancels RERA registration of Amrapali Group; NBCC to take over projects

In a relief to the home buyers, the Supreme Court has ordered NBCC to finish all pending projects of Amrapali Group