October 15, 2019 2:55 am
Senior Advocate R Venkitaramani, who had been appointed receiver by the court, had suggested that it would be better to auction the properties. To which, the bench said this will help speed up the completion of the lagging projects.
August 27, 2019 1:41 am
The court also directed that Rs 7.16 crore out of the amount deposited by the Amrapali group in its Registry be given to the National Buildings Construction Corporation (NBCC), which has been entrusted with completing the group’s unfinished projects.
August 26, 2019 1:34 pm
It also ordered disbursement of Rs 7.16 crore to National Buildings Construction Corporation (NBCC) for completion of stalled projects under Amrapali group of companies.
August 05, 2019 3:36 am
Officials at NBCC talk about how they may have bitten off more than the public sector enterprise can chew.
August 05, 2019 3:34 am
Defaulting builders and desperate homebuyers — an all-too-familiar script in Noida and Greater Noida could see a twist after a Supreme Court intervention. The Indian Express look for its echoes on the ground
July 31, 2019 1:46 am
The FIR, filed on the basis of a homebuyer’s complaint, alleged that the company “looted hard-earned money” and delayed possession of the flat even after six years.
July 30, 2019 9:43 pm
The court sent Amrapali Group's chief financial officer Chander Wadhwa and statutory auditor Anil Mittal to police custody after the Economic Offence Wing (EoW) of Delhi Police claimed they were instrumental in creating a large number of bogus companies.
July 25, 2019 10:33 pm
On Tuesday, the Supreme Court cancelled the registration of the Amrapali Group under the Real Estate Regulatory Authority (RERA). The court also cancelled the lease granted to the company by Noida and Greater Noida authorities for its properties.
July 25, 2019 4:52 pm
Dhoni’s wife Sakshi Singh Dhoni was a director and a 25 per cent shareholder in a group company called Amrapali Mahi Developers Pvt Ltd, where Amrapali Group CMD Anil Kumar Sharma held the remaining 75 per cent stake.
July 24, 2019 4:58 am
The bench said the entire episode “goes to indicate how at large-scale middle-class home buyers have been defrauded of their hard-earned money, taken away by the affluent and the officials in connivance with each other. Law has to book all of them”.