Amrapali Group Case

The Delhi High Court granted bail to former Amrapali Group director Ajay Kumar on Friday in four cases of cheating and fraud lodged by the police on complaints from homebuyers in various residential projects of the real-estate company.

The Delhi High Court has granted bail to former CMD of the Amrapali Group of Companies Anil Kumar Sharma, who was arrested in a case of allegedly cheating homebuyers.

Anil Sharma, the managing director of the Amrapali Group is among six persons charged with the murder of a man in Bihar that took place seven years ago.

The Supreme Court on Thursday issued notice on a plea filed by Amrapali group founder Anil Sharma seeking bail on medical ground.

The Supreme Court listed its priority to the Amrapali Group and said it has to first give buyers their homes and thereafter at the end it will "certainly look" into their claims of money lenders of the real estate group.

On June 6, the top court had directed the production of Mr Sharma before the medical board of AIIMS for examination on his surgery for repair of a "bilateral inguinal hernia".

In a significant development, the Supreme Court Monday refused to order transfer and clubbing of over 80 criminal cases lodged by home buyers against directors and other officials of Amrapali group firms, saying it would not "queer the pitch"

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.

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.

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.

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

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

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...

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 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.

The Delhi High Court granted bail to former Amrapali Group director Ajay Kumar on Friday in four cases of cheating and fraud lodged by the police on complaints from homebuyers in various residential projects of the real-estate company.

The Delhi High Court has granted bail to former CMD of the Amrapali Group of Companies Anil Kumar Sharma, who was arrested in a case of allegedly cheating homebuyers.

Anil Sharma, the managing director of the Amrapali Group is among six persons charged with the murder of a man in Bihar that took place seven years ago.

The Supreme Court on Thursday issued notice on a plea filed by Amrapali group founder Anil Sharma seeking bail on medical ground.

The Supreme Court listed its priority to the Amrapali Group and said it has to first give buyers their homes and thereafter at the end it will "certainly look" into their claims of money lenders of the real estate group.

On June 6, the top court had directed the production of Mr Sharma before the medical board of AIIMS for examination on his surgery for repair of a "bilateral inguinal hernia".

In a significant development, the Supreme Court Monday refused to order transfer and clubbing of over 80 criminal cases lodged by home buyers against directors and other officials of Amrapali group firms, saying it would not "queer the pitch"

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.

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.

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.

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

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

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...

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 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.