Amrapali Group

The bench said it would pass a detailed order while posting the hearing on March 26. On February 27, Venkataramani in a status report said the NBCC, which was entrusted with the task of completing the stalled projects of Amrapali Group, had completed around 25,000 flats and sold 6,686 flats of defaulter homebuyers to raise an amount of Rs 3,177 crore till date

NBCC gets Rs 271.62 crore order in stalled projects of erstwhile Amrapali Group

The company's wholly-owned subsidiary in Brazil, MedQuimica Industria Farmaceutica, has signed a definitive agreement to acquire all rights to nine medicines from BL Industria Otica Ltda

SC to set up fresh bench to hear pleas of home buyers against Amrapali Group

A bench comprising Chief Justice D Y Chandrachud and Justice J B Pardiwala was urged by a counsel for home buyers to set up a fresh bench as the matters pertaining to the Amrapali group were being heard by a bench headed by the then CJI U U Lalit, who demitted office on November 8.

Good news for Amrapali home buyers, over 11K flats to be given possession in 2-3 months, SC informed

CJI Lalit said that he has limited time and would like to deal with three to four major issues of Amrapali, which would give an impetus to the entire construction process and ensure the completion of the stalled projects.

SC extends interim medical bail granted to ex-CMD of Amrapali group

The bench had cautioned him against misuse of the liberty and had asked him to use the time to consult doctors and undergo treatment.

ED attached wrong properties of ex-director of Amrapali Group: Forensic auditor to SC

New Delhi, Mar 14 The Supreme Court on Monday was told by a court-appointed forensic auditor that Enforcement Directorate (ED) has attached the wron..

Three properties of former promoter and director of Amrapali Group auctioned for Rs 29 crore

The three properties include two plots and one villa, and are located in Noida and Greater Noida.

SC rejects bail plea of ex-Amrapali director Shiv Priya on medical grounds

Amrapali Group's ex-directors Anil Kumar Sharma, Shiv Priya, and Ajay Kumar are behind bars on the top court's order since 2019 and multiple cases have been lodged against them for allegedly diverting homebuyers money.

SC allows ED to attach assets of JP Morgan after it identifies Rs 187 crore as proceeds of crime

A bench of Justices Arun Mishra and U U Lalit, which took up the matter through video conferencing, granted the permission to the ED to attach the properties of the multi-national firm, a senior lawyer associated with the case said.

Special court allows 7 days custody of Amrapali group directors to ED

The law enforcement agency said it required the custody of the accused for more days for further interrogation.

ED detects multiple FEMA violations in Amrapali case; Rs 55cr laundered abroad

The ED also found that the discounted cash flow (DCF) method (of valuing a project, company, or asset) deployed by the promoters of the firm was a "deliberate ploy" to falsely justify premium on re-purchase of shares when it did not exist.

SC asks SBICAP Ventures to take call in 10 days on funding Amrapali projects

The top court directed court receiver senior advocate R Venkatramani, who has been appointed custodian of properties of Amrapali Group, to make an application to SBICAP Ventures and furnish the requisite information with regard to the projects.

Delhi court sends 2 officials of Amrapali Group to 5-day police custody

The court sent Amrapali Group's chief financial officer Chander Wadhwa and statutory auditor Anil Mittal to police custody after the Economic Offence Wing (EoW) of Delhi Police claimed they were instrumental in creating a large number of bogus companies.

CAIT demands action against M S Dhoni for endorsing realtor Amrapali

The CAIT has said that endorsements by Dhoni have "greatly influenced" people to buy flats in Amrapali projects and since the builder is found guilty an accountability also falls on Dhoni.

SC to pronounce verdict today in Amrapali Case

The apex court reserved the verdict in the matter on May 10 after Noida and Greater Noida authorities said they don't have the resources and expertise to construct the stalled projects of Amrapali Group.

Don't have resources, expertise to construct stalled projects of Amrapali: Noida, Gr Noida tells SC

Both the authorities told the apex court that there was around Rs 5,000 crore pending from Amrapali Group towards the principal amount and interest component besides the penal interest.

Over Rs 9.5K cr can be recovered from Amrapali Group, Forensic auditors inform SC

A bench of Justices Arun Mishra and U U Lalit was told by court-appointed forensic auditors, Pawan Agarwal and Ravi Bhatia, that firm sold 5,856 flats at throw-away prices and Rs 321.31 crore can be recovered at the current market value.

SC asks Amrapali Group to explain details of transactions, agreements with M S Dhoni

The top court said it wants the entire picture to be placed before it as also the explanation of each and every transactions and dealings with Dhoni.

MS Dhoni moves SC against Amrapali group over dues worth Rs 40 crore

From 2009 to 2016, Dhoni entered into agreements with the group as a brand ambassador and gave it rights to use his endorsement in marketing campaigns

SC grills Amrapali CMD for homebuyers' money in his account, warns him of jail

The top court gave Sharma one last opportunity to return Rs 6.55 crore of homebuyers' money, which he had transferred to his daughter, by February 28 and sought explanation of Rs 94 crore shown in his bank account.

Nine properties sealed: Amrapali group to Supreme Court

A bench of Justices U U Lalit and D Y Chandrachud asked the Amrapali group to file an undertaking with regard to sealing of its properties by 2 PM today.

Auditor who exposed Harshad Mehta scam, to do forensic audit of Amrapali

SC has appointed two auditors -- Ravi Bhatia of Bhatia and Company; and Pawan Kumar Aggarwal of Sharp and Company -- to conduct the forensic audits of Amrapali Group companies.

Amrapali's realty business like cobweb, housing projects seem illegal: Supreme Court

Directing it to provide detailed data of its unecumbered properties, the apex court also said the group had such huge liabilities, that after paying the authorities, taxes and secured creditors.

SC spots fund diversion by Amrapali Group, seeks financial details

The top court found that Amrapali Group in its affidavit filed before it had said that Rs 2766 crores were diverted to two other companies.

Supreme Court directs Amrapali Group to submit status report on basic facilities

Issue of dues Amrapali Group owes Noida and Greater Noida authorities also discussed