Sep 15, 2021 06:01 PM IST
“The first unused FAR has been successfully auctioned for Rs 43 crore,” sources said, adding the payment would be made in the next six months.
- Sep 13, 2021 10:52 PM IST
The court asked the forensic auditor to ascertain how much amount was diverted by the Amrapali Group to Prem Mishra and how much of it was spent in acquiring project assets.
- Sep 03, 2021 10:53 PM IST
Court receiver R Venkataramani informs the bench that six banks have formed a consortium to fund the stalled projects of Amrapali Group and are likely to start funding the stalled projects within a month
- Aug 13, 2021 09:36 PM IST
The apex court says that Rs 10 crore have been received as funding from SWAMIH Fund and that UCO Bank, Bank of Baroda, Bank of India have agreed to form consortium to provide financial assistance to stuck Amrapali projects
- Aug 12, 2021 08:57 AM IST
Success can bring relief to lakhs of homebuyers stuck in many housing projects across the country
- Aug 02, 2021 09:27 PM IST
Asks banks to hold a joint meeting with the court receiver by August 8 to arrive at a consensus on funding
- Jun 29, 2021 10:39 PM IST
The court refuses to recall two orders passed in 2019; directs existing builder to complete the project.
- Apr 05, 2021 09:59 PM IST
The Supreme Court-appointed court receiver R Venkataramani has sought the court’s direction on what needs to be done with the delay penalty adjusted by Amrapali.
- Mar 05, 2021 05:55 PM IST
The counsel of HUDCO informed the Supreme Court that he had no directions from HUDCO yet to which the apex court directed him to file an affidavit.
- Mar 05, 2021 01:08 PM IST
The Supreme Court was informed that the SBI Capital fund of Rs 625 crore would also be released by next week.
- Jan 04, 2021 10:14 PM IST
The Supreme Court’s direction came after the receiver R Venkatramani informed the court that he was not getting adequate response from the banks regarding his proposal for financing Amrapali projects.
- Oct 29, 2020 10:04 PM IST
The receiver informs the apex court that the formalities for incorporation of a not-for-profit company under Section 8 of Companies Act, 2013 to receive funds from SWAMIH Fund has been finalised.
- Oct 13, 2020 10:36 PM IST
NBCC agrees to undertake sales and marketing mandate of unsold inventories and Floor Area Ratio (FAR) for Amrapali projects
- Sep 21, 2020 07:36 PM IST
The Supreme Court also directed homebuyers to clear their dues by October 31, failing which the court receiver may be compelled to cancel their allotments
- Sep 01, 2020 05:58 PM IST
SBICap to be paid 12 percent internal rate of return, but no payment to be made for professional expertise or for monitoring the project
- Aug 31, 2020 05:36 PM IST
SBICAP informs SC that it may be difficult to fund Amrapali projects below 12 percent interest
- Aug 25, 2020 07:54 PM IST
The Supreme Court-appointed court receiver in the Amrapali Case had submitted an application to SBICap to fund stuck projects in May
- Aug 24, 2020 08:25 PM IST
Work on all projects are likely to be completed within 9 to 36 months. Completion depends on timely deposit by homebuyers and arrangement of funds from other sources, says NBCC CMD PK Gupta.
- Aug 19, 2020 09:02 PM IST
The two authorities generally charge interest at the rate of 11 percent from developers, who pay for housing land in installments.
- Aug 13, 2020 07:25 PM IST
The SC lashes out at the Centre for not releasing funds from SBICAP stress asset fund, warns that if the proposal is not finalised within a week, it will pass orders for financing the projects independently.
- Jul 10, 2020 09:48 PM IST
SBICAP identifies eight projects for construction; next date of hearing is on July 22
- Jun 18, 2020 06:05 PM IST
Amount to be utilised for construction of stalled projects; SBICap granted four weeks to firm up proposal for financing unfinished projects.
- Jun 17, 2020 11:31 AM IST
The fund has received applications from both Tier 1 and Tier 2 cities such as Jaipur, Karnal, Mohali and Panchkula, Nagpur and Nasik. Smaller developers facing challenges to comply with the initial due diligence process
- Jun 03, 2020 11:07 PM IST
Supreme Court directs multi-national firm JP Morgan to deposit Rs 140 crore; next hearing on June 10.
- May 27, 2020 08:25 PM IST
Directs enforcement directorate (ED) to consider the objections raised by JP Morgan India against attachments of its properties in the Amrapali case.