Amrapali Case

Delhi-NCR real estate: NBCC on February 21 had said it got approval from Noida Authority to develop five Amrapali projects worth Rs 10,000 crore.

Close to 9,000 Amrapali housing units completed by NBCC; all projects to be handed over by 2025: Officials

There are pending issues over buyers’ unpaid dues and the utilisation of unused floor area ratio

Amrapali case: Supreme Court dismisses real estate developers' plea to cap interest rate at 8%

Homebuyers hope the uncertainty over the land dues will end now and the authorities will find a way to ensure that the process of registry starts at the earliest without any further delay and no undue burden is passed on to them

SC may have to hand over Amrapali Group’s management to UP govt if financial issues not resolved: Receiver

The Amrapali matter was listed before the bench on December 2 for fixing the next date of hearing. The case will now be taken up on December 8.

Amrapali case: Supreme Court grants four weeks of interim bail to former director Shiv Priya

The next date of the Amrapali case is on September 3.

SC grants interim bail to former CMD of erstwhile Amrapali Group Anil Sharma

On the issue of sale of floor area ratio in compliance of an earlier order dated July 22, 2022, the court receiver on August 8 submitted an action plan for all seven projects of the erstwhile Amrapali Group

Amrapali case: SC stays arbitral proceedings between Dhoni and embattled firm

Dhoni had moved to the Delhi High Court which, on October 16, 2019, had appointed its former judge Veena Birbal as sole arbitrator to arbitrate the commercial dispute between the cricketer and the embattled real estate firm.

Amrapali case: SC says priority is to ensure homebuyers get their flats, claims first

The top court tells authorities and electricity department that they ‘have to be in a queue’

Amrapali case | Supreme Court puts proposal for creation of Sinking cum Reserve Fund on hold

A bench of Justices UU Lalit and Bela M Trivedi took note of the 'serious objections' raised by homebuyers’ counsels to the creation of such reserve cum sinking fund and that the creation of a reserve fund or sinking fund would put an additional burden on the buyers.

MC Explains: Why was it necessary to issue cancellation notices to around 3,000 Amrapali buyers?

This was needed as without there being clarity over unclaimed inventory, the flats could not be sold to raise funds for completion of unfinished units. This will also help the court receiver in implementing swapping of units.

Amrapali case: Consortium of banks will release Rs 280 crore to ASPIRE, Supreme Court told

Cricketer MS Dhoni, who was the brand ambassador of the erstwhile Amrapali group, moves the top court seeking direction in the ongoing arbitral proceedings.

SC directs banks to regularise loan accounts of Amrapali buyers who opted for subvention scheme

The court directed banks that no penalties be charged from homebuyers for default of EMI payment

SC directs Noida Authority to look into the issue of modifying lease deeds in favour of court receiver

In compliance with the order dated March 28, 2022, the banks had disbursed a sum of Rs. 150 crore on March 31, 2022, though the actual requirement/request by NBCC was for Rs. 540 crore

Amrapali case: Consortium of banks release first instalment of Rs 150 crore for completion of stalled projects

On March 29, an agreement has been signed between Amrapali Stalled Projects and Investment Reconstruction Establishment and the consortium of seven public sector banks for the disbursal of a Rs 1,500-crore loan for stalled projects.

Consortium of seven banks to release Rs 1,500 crore for stuck Amrapali projects

The NBCC has been tasked by the Supreme Court to complete the stalled projects of Amrapali Group. NBCC has undertaken the completion of over 650 units in Noida and more than 4,500 units in 23 projects in Greater Noida.

SC directs seven banks to release Rs 1,500 crore by March 29 to finish Amrapali projects

The top court also retained a direction in its earlier order dated August 13, 2021, on the plea of the Reserve Bank of India regarding a blanket ban on declaration of non-performing asset (NPA) accounts.

Amrapali case: Consortium of six banks give final approval for funding of incomplete projects

At the hearing on March 21, the Reserve Bank of India questioned the funding by the consortium of banks for the incomplete Amrapali projects.

Amrapali case: SC directs consortium of banks to release Rs 1,200 crore before March 14

NBCC told the top court that it will conduct structural audit of under-construction projects of Amrapali through two agencies VNIT Nagpur and NIT Jalandhar as a “matter of prudence and precaution”.

Bank of Baroda sanctions Rs 300 crore for construction of Amrapali housing projects in Noida, Greater Noida: Sources

On February 21, the Supreme Court was informed by the court-appointed receiver that several rounds of discussions with banks had taken place, the documentation work is completed and funds worth Rs 1,500 crore have been arranged.

Amrapali case: Homebuyers flag construction quality of NBCC projects before Supreme Court

Apex court directs consortium of banks to release Rs 300 crore funds within a week after final approval.

150 flats to be handed over to Amrapali homebuyers around Diwali

The court also directed banks to finalise bank funding for Amrapali projects within two weeks and asked banks to file their compliance report.

Amrapali case: Authorities say they would suffer losses of over Rs 7,500 crore if SC does not recall interest rate cap order 

The hearing remained inconclusive and will now be taken up on October 1

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 

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

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