Moneycontrol PRO
you are here: HomeNewsAmrapali case
amrapali case
Jump to
62 Results Found
  • NBCC auctions unsold FAR at Amrapali Group’s Princely Estate project in Noida for Rs 43 crore Sep 15, 2021 06:01 PM IST

    NBCC auctions unsold FAR at Amrapali Group’s Princely Estate project in Noida for Rs 43 crore

    “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.

  • ED tells Supreme Court it has attached properties worth Rs 4.79 crore of former Amrapali director  Sep 13, 2021 10:52 PM IST

    ED tells Supreme Court it has attached properties worth Rs 4.79 crore of former Amrapali director 

    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.

  • Amrapali case: SC directs banks to respond to buyers who had availed of subvention scheme in a week Sep 03, 2021 10:53 PM IST

    Amrapali case: SC directs banks to respond to buyers who had availed of subvention scheme in a week

    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

  • Amrapali case: SC tells 9,538 buyers to register and pay up in 15 days or face allotment cancellation Aug 13, 2021 09:36 PM IST

    Amrapali case: SC tells 9,538 buyers to register and pay up in 15 days or face allotment cancellation

    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

  • SWAMIH’s lifeline to Amrapali shows way for other stranded housing projects Aug 12, 2021 08:57 AM IST

    SWAMIH’s lifeline to Amrapali shows way for other stranded housing projects

    Success can bring relief to lakhs of homebuyers stuck in many housing projects across the country

  • Amrapali case | SC asks banks to relax funding criteria for stalled Amrapali projects Aug 02, 2021 09:27 PM IST

    Amrapali case | SC asks banks to relax funding criteria for stalled Amrapali projects

    Asks banks to hold a joint meeting with the court receiver by August  8 to arrive at a consensus on funding

  • Supreme Court refuses to hand over Amrapali’s Le Residentia project to NBCC Jun 29, 2021 10:39 PM IST

    Supreme Court refuses to hand over Amrapali’s Le Residentia project to NBCC

    The court refuses to recall two orders passed in 2019; directs existing builder to complete the project.

  • SC directs court receiver to sell properties of Amrapali promoter Ajay Kumar Apr 05, 2021 09:59 PM IST

    SC directs court receiver to sell properties of Amrapali promoter Ajay Kumar

    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.

  • SC asks HUDCO to confirm if it is willing to finance unfinished Amrapali projects Mar 05, 2021 05:55 PM IST

    SC asks HUDCO to confirm if it is willing to finance unfinished Amrapali projects

    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.

  • Amrapali case | HUDCO willing to finance unfinished Amrapali projects, Supreme Court told Mar 05, 2021 01:08 PM IST

    Amrapali case | HUDCO willing to finance unfinished Amrapali projects, Supreme Court told

    The Supreme Court was informed that the SBI Capital fund of Rs 625 crore would also be released by next week.

  • SC directs IBA, banks to meet court-appointed receiver to chalk out proposal for financing incomplete Amrapali projects Jan 04, 2021 10:14 PM IST

    SC directs IBA, banks to meet court-appointed receiver to chalk out proposal for financing incomplete Amrapali projects

    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.

  • Amrapali case: NBCC gets Supreme Court nod for sale of unsold inventory to generate funds Oct 29, 2020 10:04 PM IST

    Amrapali case: NBCC gets Supreme Court nod for sale of unsold inventory to generate funds

    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.

  • Amrapali case: SC permits creation of SPV to enable funding from SBI Cap for completion of projects Oct 13, 2020 10:36 PM IST

    Amrapali case: SC permits creation of SPV to enable funding from SBI Cap for completion of projects

    NBCC agrees to undertake sales and marketing mandate of unsold inventories and Floor Area Ratio (FAR) for Amrapali projects

  • Amrapali case: SC directs RBI to ensure that banks provide funding for stuck projects Sep 21, 2020 07:36 PM IST

    Amrapali case: SC directs RBI to ensure that banks provide funding for stuck projects

    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

  • Amrapali case: SC directs SBICap to fund Rs 625 crore for six projects Sep 01, 2020 05:58 PM IST

    Amrapali case: SC directs SBICap to fund Rs 625 crore for six projects

    SBICap to be paid 12 percent internal rate of return, but no payment to be made for professional expertise or for monitoring the project

  • Amrapali case: SC asks Centre to step in to reduce interest rate for funding stalled projects Aug 31, 2020 05:36 PM IST

    Amrapali case: SC asks Centre to step in to reduce interest rate for funding stalled projects

    SBICAP informs SC that it may be difficult to fund Amrapali projects below 12 percent interest

  • Amrapali case: SC asks SBICap to begin funding six projects Aug 25, 2020 07:54 PM IST

    Amrapali case: SC asks SBICap to begin funding six projects

    The Supreme Court-appointed court receiver in the Amrapali Case had submitted an application to SBICap to fund stuck projects in May

  • Work on 14,000 Amrapali units in progress; handover of 160 units in September, says NBCC Aug 24, 2020 08:25 PM IST

    Work on 14,000 Amrapali units in progress; handover of 160 units in September, says NBCC

    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.

  • Amrapali case: SC clarifies rate of interest to be charged by Noida, Greater Noida authorities Aug 19, 2020 09:02 PM IST

    Amrapali case: SC clarifies rate of interest to be charged by Noida, Greater Noida authorities

    The two authorities generally charge interest at the rate of 11 percent from developers, who pay for housing land in installments.

  • Amrapali case: SBICAP seeks more time to finalise proposal for financing stuck projects Aug 13, 2020 07:25 PM IST

    Amrapali case: SBICAP seeks more time to finalise proposal for financing stuck projects

    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.

  • Amrapali case: SC directs SBICAP to finalise proposal for financing projects before August 4 Jul 10, 2020 09:48 PM IST

    Amrapali case: SC directs SBICAP to finalise proposal for financing projects before August 4

    SBICAP identifies eight projects for construction; next date of hearing is on July 22

  • Amrapali case: Supreme Court directs JP Morgan to transfer Rs 140 crore along with interest Jun 18, 2020 06:05 PM IST

    Amrapali case: Supreme Court directs JP Morgan to transfer Rs 140 crore along with interest

    Amount to be utilised for construction of stalled projects; SBICap granted four weeks to firm up proposal for financing unfinished projects.

  • SBICap stressed fund receives 100 fresh applications; number likely to double Jun 17, 2020 11:31 AM IST

    SBICap stressed fund receives 100 fresh applications; number likely to double

    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

  • SBICAP expresses willingness to fund stuck Amrapali projects Jun 03, 2020 11:07 PM IST

    SBICAP expresses willingness to fund stuck Amrapali projects

    Supreme Court directs multi-national firm JP Morgan to deposit Rs 140 crore; next hearing on June 10.

  • Amrapali case: Supreme Court reserves order on financing of stalled projects May 27, 2020 08:25 PM IST

    Amrapali case: Supreme Court reserves order on financing of stalled projects

    Directs enforcement directorate (ED) to consider the objections raised by JP Morgan India against attachments of its properties in the Amrapali case.

Sections
ISO 27001 - BSI Assurance Mark