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Banks to release 1.5k cr to finish Amrapali flats

A bench of justices UU Lalit and Bela M Trivedi gave the nod for the banks, led by Bank of Baroda, to effectuate funding proposals within a day and disburse payments to NBCC by March 31.

The bench said, “Our only concern is that there should not be any block of funds. This is the lifeline for the Amrapali projects which should never stop.”
Published on Mar 29, 2022 05:59 AM IST
ByAbraham Thomas, New Delhi

Experts to audit stalled Amrapali projects, Supreme Court told

NBCC was roped in by the top court in July 2019 to complete the stalled housing projects following the order to cancel the registration of Amrapali under the Real Estate (regulation and development) Act 2016 (Rera) for diverting money received from the homebuyers

On Monday, NBCC’s safety standards were put to question by the Amrapali homebuyers who said that nearly 650 residents of the state-run firm’s Green View project in Gurugram have been asked to vacate the “unsafe” structures. (PTI)
Updated on Feb 22, 2022 05:39 AM IST
ByAbraham Thomas

Supreme Court asks Amrapali home buyers to clear their dues as per payment plan

A special bench of Justice U U Lalit and Ajay Rastogi observed that the home buyers are under the impression that the court is facilitating construction of their stalled flats and managing funds and they are at a convenience to pay their dues, whenever they like.

The bench while referring to home buyers said, “It’s like you have been given lassi (buttermilk) and now you want malai (cream) on top of that”.(HT file photo)
Published on Sep 03, 2021 10:22 PM IST
PTI | , New Delhi
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