Amrapali

Top Court Asks SBICAP Ventures To Start Funding 6 Stalled Projects Of Amrapali Group

Business | Press Trust of India | Friday August 28, 2020

The top court asked the Centre to consider as a special case and provide the remaining money for construction of other stalled projects from the stress funds created for the real estate sector.

Amrapali Case: 20 UP Probe Agency Officials In Contact With COVID-19 Infected Accused Test Negative

India News | Press Trust of India | Thursday June 25, 2020

Twenty Enforcement Directorate (ED) officers posted in Lucknow have tested negative for coronavirus after their samples were collected in the wake of an arrested accused in the Amrapali money laundering case being infected with the disease, officials said on Wednesday.

Special Enforcement Directorate Court Sends Auditor Of Amrapali Group To 7-Day Custody

India News | Press Trust of India | Wednesday June 17, 2020

A special Enforcement Directorate (ED) court on Tuesday sent the auditor of Amrapali Group of Companies Anil Mittal to seven days' custody for inquiry.

Restructure Amrapali Homebuyers' Loans, Release Dues: Top Court To Banks

Business | Reported by A Vaidyanathan, Edited By Abhishek Vasudev | Wednesday June 10, 2020

In a relief for thousands of home-buyers stuck with incomplete projects of embattled realty developer Amrapali Group, the Supreme Court on Wednesday directed banks and other financial institutions to restructure loans declared as non-performing assets. The top court said the lenders will have to release the amount to home-buyers as per Reserve Bank...

Supreme Court Asks JP Morgan To Deposit ₹140 Crore

India News | Press Trust of India | Wednesday June 3, 2020

The Supreme Court today directed multi-national firm JP Morgan to deposit ₹140 crore, which was Amrapali Group home buyers' money and allegedly siphoned off in contravention to the norms as per the forensic auditors report and last year's order in the case.

JP Morgan's Rs 187 Crore-Assets Attached, Firm Denies Wrongdoing In Top Court

India News | Press Trust of India | Thursday May 28, 2020

The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home buyers money.

JPMorgan Chase's Assets May Be Seized In Case Linked To Amrapali Group

Business | Upmanyu Trivedi, Bloomberg | Monday May 25, 2020

The Enforcement Directorate said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating Rs 187 crore.

Top Court Forms Committee For Speedy Auction Of Amrapali Properties

India News | Press Trust of India | Tuesday January 14, 2020

The Supreme Court on Monday formed a four-member committee, including two of its forensic auditors, for speedy disposal of assets in auction of the now defunct Amrapali Group to raise funds for several stalled projects.

JP Morgan Assets To Be Attached For Alleged Foreign Exchange Violation

India News | Press Trust of India | Monday January 13, 2020

The Supreme Court has told the Enforcement Directorate to attach Indian properties of JP Morgan, which engaged in a transaction with the now-defunct Amrapali Group to allegedly siphon off homebuyers' money in violation of the Foreign Exchange Management Act (FEMA) and foreign direct investment norms.

Top Court Asks Amrapali Home Buyers To Pay Outstanding Dues By January 31

Business | Press Trust of India | Monday December 2, 2019

A bench of Justices Arun Mishra and U U Lalit said that funds need to be channelised to complete the pending projects of Amrapali Group.

Attached Properties Of Amrapali Group To Be Auctioned, Says Supreme Court

Business | Press Trust of India | Tuesday October 15, 2019

The top court said that the funds collected through auction of properties will help in speedy completion of stalled projects.

Supreme Court Warns Amrapali Homebuyers On Payment Dues

Business | Press Trust of India | Wednesday September 11, 2019

The top court cleared the modalities by which the homebuyers can be put to notice for clearing outstanding amounts.

Amrapali Case: Supreme Court Orders Disbursement Of Rs 7 Crore To NBCC - 10 Points

Business | Reported by A Vaidyanathan, Edited by Sandeep Singh (with inputs from agencies) | Monday August 26, 2019

The Supreme Court on Monday directed disbursement of Rs 7.16 crore to state-run National Buildings Construction Corporation (NBCC) to complete two stalled projects of the embattled real estate group Amrapali, which has been accused of fraud. The sum was earlier deposited by the Amrapali group with the top court's registry. The two projects are in N...

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

Business | Indo-Asian News Service | Tuesday August 13, 2019

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.

Nearly 1 Lakh Homebuyers In Legal Quagmire To Get Their Flats

India News | Indo-Asian News Service | Thursday August 1, 2019

Nearly 1 lakh homebuyers find themselves in a legal quagmire as the flats they booked years back in Delhi NCR are nowhere near completion by the three prominent builders - Amrapali, Unitech and Jaypee.