Profit

Special Cell To Deal With Cases Of Amrapali Homebuyers Supreme Court Told

On July 23, the top court cancelled the real estate company Amrapali Group's RERA's licence and appointed NBCC to complete all pending projects.

 Share
EMAIL
PRINT
COMMENTS
Special Cell To Deal With Cases Of Amrapali Homebuyers Supreme Court Told
New Delhi: 

The Noida and Greater Noida authorities on Tuesday told the Supreme Court that they have created a special cell to ease out problems of the Amrapali homebuyers.

The authorities told a bench headed by Justice Arun Mishra that they have created the cell to deal with cases of the homebuyers and officials had been designated especially to take care of the issue.

Thereafter, the court directed Noida and Greater Noida authorities to start registration of flats in favour of Amrapali homebuyers.

The court also warned that officers of Noida and Greater Noida will be sent to jail if there was any delay on their part in handing over possession of flats to buyers.

On July 23, the top court cancelled the real estate company Amrapali Group's Real Estate Regulatory Authority's licence and appointed state-run National Buildings Construction Corp Ltd (NBCC) to complete all pending projects.

The court has observed that the group prima facie committed violation of the FEMA (Foreign Exchange Management Act) and other fraudulent activities, including money laundering, and recommended a thorough investigation by the Enforcement Directorate to identify the culprits.

Noida and Greater Noida authorities had also been directed to execute the tripartite agreement within one month concerning the projects where homebuyers are residing and issue completion certificate.
 



Follow NDTV for latest election news and live coverage of assembly elections 2019 in Maharashtra and Haryana.
Subscribe to our YouTube channel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top