Amrapali

How Amrapali Diverted Home Buyers' Money Showing Peons, Drivers As Owners

India News | Press Trust of India | Thursday January 17, 2019

A forensic audit of the embattled Amrapali Group has found that posh flats were booked on sums as low as Re 1, Rs 5 and Rs 11 per square feet in the name of over 500 people, court-appointed auditors told the Supreme Court on Wednesday.

Sell Amrapali Group's Five Star Hotel, Orders Supreme Court

India News | Press Trust of India | Thursday December 13, 2018

The Supreme Court on Wednesday asked forensic auditors to examine the trail of around Rs 3,000 crore, the home-buyers' money allegedly spent by the Amrapali Group on buying shares of its sister companies and asset creation.

Opinion: What Supreme Court's Tirade Against Amrapali Means For Home-Owners

Opinion | Mihir Swarup Sharma | Friday December 7, 2018

The Supreme Court's unusually furious broadside against the real estate company Amrapali - "you are perfect liars", the judges declared, and "the worst kind of cheaters in the world" - gives voice to this, one of the greatest fears of the Indian middle class.

Supreme Court Orders Amrapali's 5-Star Hotels, Malls, Office To Be Seized

Business | NDTV Profit Team | Wednesday December 5, 2018

Asking why criminal proceedings should not be initiated, the Supreme Court on Wednesday ordered seizure of assets of the embattled real estate group Amrapali. The order of the court relates to the case of non-delivery of flats to around 42,000 homebuyers. Calling the company the "worst kind of cheater in the world" and "a perfect liar" for not com...

Amrapali Asked To Disclose Property, Money Transfers Details: 10 Points

Business | NDTV Profit Team | Wednesday November 21, 2018

Cracking whip on the embattled Amrapali Group, the Supreme Court warned the developer to reveal, by December 3, details of all its properties in the name of directors, their family members, relatives, chief financial officers and statutory auditors. The top court made it clear that Amrapali Group is required to disclose "in clear terms" every activ...

"Writing Is Very Clear On The Wall": Supreme Court Warns Amrapali Group

Business | Press Trust of India | Tuesday November 20, 2018

It gave one last opportunity to Amrapali Group and its directors and promoters to comply with each and every direction passed by the court since May last year.

Amrapali Group Case: Top Court Orders Attachment Of Hospital, Company Properties

Business | Press Trust of India | Tuesday November 13, 2018

The court is seized of a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali Group.

NBCC To Submit Report On Stalled Amrapali Projects In Top Court Next Week: 10 Points

Business | NDTV Profit Team | Friday November 2, 2018

A detailed project report on the 16 stalled projects of real estate major Amrapali group will be submitted to the Supreme Court next week, National Buildings Construction Company (NBCC) said on Thursday. The matter relates to non-delivery of flats to around 42,000 homebuyers by the embattled Amrapali group. NBCC chairman and managing director Anoop...

NBCC To Submit Report On Stuck Amrapali Projects To Supreme Court Next Week

Business | Press Trust of India | Thursday November 1, 2018

NBCC CMD Anoop Kumar Mittal said the company has issued tenders for 10-11 out of the 16 stalled projects.

Bihar Shelter Home Case Accused Moved To Punjab After Top Court Order

India News | Indo-Asian News Service | Thursday November 1, 2018

Escorted by 12 policemen, Brajesh Thakur, the main accused in the Muzaffarpur horror case, set out for a high security prison in Punjab from Bhagalpur on Thursday following a Supreme Court order, police said.

Amrapali CFO's Firms Diverted Homebuyers' Money, Says Supreme Court: 10 Points

Business | NDTV Profit Team | Thursday November 1, 2018

A top executive of the beleaguered Amrapali group has to furnish by Thursday details of the benefits he received from the firm, after the Supreme Court was told that he got a luxury car worth Rs 43 lakh. A total of Rs 2 crore was also paid as income tax of chief financial officer (CFO) Chander Wadhwa by a sister company of the Amrapali group, foren...

Amrapali CFO Gifted Luxury Car Worth 43 lakhs, Supreme Court Told

Business | Press Trust of India | Thursday November 1, 2018

Companies incorporated by Chief Financial Officer Chander Wadhwa acted as a conduit to divert homebuyers' money from the Amrapali Group, says Supreme Court.

Forensic Auditors Say Amrapali Group Diverted Funds Through 200-250 Firms

India News | Press Trust of India | Wednesday October 31, 2018

The Supreme Court on Wednesday directed the Amrapali Group to disclose the names of all the companies with which it had any kind of transactions after forensic auditors pointed out that there may be a web of more than 200-250 such firms where home buyers money was transferred.

In Court, Amrapali Executive Gets "Memory" Back, Apologises For Conduct

India News | Press Trust of India | Saturday October 27, 2018

Amrapali Group Chief Financial Officer Chander Wadhwa, who had earlier claimed to have a "memory fail", Friday answered searching questions from the Supreme Court prompting the bench to observe "his memory was intact".

Furnish Details Of Bank Accounts Of 46 Companies: Supreme Court To Amrapali

Business | Indo-Asian News Service | Friday October 26, 2018

Besides the details of the bank accounts of 46 companies, the court directed that all the computers and laptops having details of transactions since 2008 would be handed over to the forensic auditors.