{"id":222799,"date":"2019-12-03T18:30:09","date_gmt":"2019-12-03T13:00:09","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=222799"},"modified":"2019-12-03T23:38:47","modified_gmt":"2019-12-03T18:08:47","slug":"centre-to-consider-using-stress-funds-for-construction-of-amrapali-flats-sc-asks-centre","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/03\/centre-to-consider-using-stress-funds-for-construction-of-amrapali-flats-sc-asks-centre\/","title":{"rendered":"Centre to consider using “Stress Funds” for construction of Amrapali flats — SC asks Centre"},"content":{"rendered":"

As reported by Times of India<\/em>, NBCC has refused to invest money for the construction of the Amrapali Housing Projects for which now the Supreme Court has asked Centre to consider using the “Stress Funds”.<\/p>\n

The task of constructing the buildings has been given to NBCC but the work has not yet started due to lack of funds.<\/p>\n

The Division Bench of Arun Mishra and UU Lalit, JJ. directed the homebuyers to deposit their dues in the apex court by the end of January and granted a last chance to some entities, including Amrapali Group directors, to deposit the money they creamed off by diverting homebuyers\u2019 money. It made it clear that the beneficiaries would be sent to jail like the CMD of the group in case they failed to comply with the order.<\/em><\/p>\n

The bench asked additional solicitor general Vikramjit Banerjee to seek instructions from the government on how much funds could be released for the construction of Amrapali projects.<\/p>\n

\n

[Source: Times of India]<\/p>\n","protected":false},"excerpt":{"rendered":"

As reported by Times of India, NBCC has refused to invest money for the construction of the Amrapali Housing Projects for which <\/p>\n","protected":false},"author":8808,"featured_media":154914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[38652,38653,37563,38651],"class_list":["post-222799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news","tag-amrapali-project","tag-construction-of-flats","tag-nbcc","tag-stress-funds"],"yoast_head":"\nCentre to consider using "Stress Funds" for construction of Amrapali flats -- SC asks Centre | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Lalit, JJ has cancelled the registration of Amrapali Group of Companies under RERA for defrauding homebuyers. The Court also cancelled the various lease deeds granted in favour of Amrapali Group of Companies by Noida and Greater Noida Authorities for projects in\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":230719,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/06\/10\/restructure-the-loan-amount-and-release-it-to-home-buyers-of-amrapali-group-sc-to-rbi\/","url_meta":{"origin":222799,"position":1},"title":"Restructure the loan amount and release it to home buyers of Amrapali Group: SC to RBI","author":"Prachi Bhardwaj","date":"June 10, 2020","format":false,"excerpt":"Supreme Court: The bench of Arun Mishra and UU Lalit, JJ directed the banks and financial institutions to release loans to home buyers of Amrapali Group, whose loans have been sanctioned, notwithstanding the fact that their accounts are declared as Non-Performing Assets (NPAs). \u201cLet there be restructuring of the loan\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":212453,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/27\/ms-dhoni-approaches-sc-seeking-payment-of-dues-from-amrapali-group-for-acting-as-their-brand-ambassador\/","url_meta":{"origin":222799,"position":2},"title":"MS Dhoni approaches SC seeking payment of dues from Amrapali Group for acting as their Brand Ambassador","author":"Prachi Bhardwaj","date":"March 27, 2019","format":false,"excerpt":"Supreme Court: Former Indian skipper Mahendra Singh Dhoni on Tuesday approached the Court seeking its direction to Amrapali\u00a0 group for payment of his pending dues allegedly amounting to Rs 40 crore towards his services to the real-estate company. His lawyer argued: \"The embattled real estate group owes Rs 40 crore\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":211102,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/28\/sc-directs-arrest-of-amrapali-group-cmd-anil-sharma-and-two-other-directors\/","url_meta":{"origin":222799,"position":3},"title":"SC directs arrest of Amrapali Group CMD, Anil Sharma and two other directors","author":"Prachi Bhardwaj","date":"February 28, 2019","format":false,"excerpt":"Supreme Court:\u00a0In the case relating to\u00a0non-delivery of around 42,000 flats to homebuyers by the beleaguered Amrapali Group, the Court has allowed Delhi Police to arrest Amrapali Group chairman and managing director Anil Sharma in relation to a criminal complaint filed against him. The top court also said that the Economic\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":307433,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/11\/18\/delhi-high-court-grants-bail-to-accused-in-amrapali-group-cheating-case-legal-news\/","url_meta":{"origin":222799,"position":4},"title":"Delhi High Court grants bail to Ajay Kumar, former director of Amrapali Group, Noida in the residential project cheating case","author":"Arunima","date":"November 18, 2023","format":false,"excerpt":"FIRs were registered on the complaints of homebuyers, who have alleged that Amrapali Leisure Valley Private Limited, Amrapali Dream Valley Private Limited, and their directors\/officials, including the applicant have committed offences of cheating, fraud and criminal breach of trust in respect of various residential projects in Greater Noida, Uttar Pradesh.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"delhi high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/10\/delhi-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":199937,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/08\/09\/real-estate-major-amrapali-group-asked-to-submit-the-valuation-report-of-its-directors\/","url_meta":{"origin":222799,"position":5},"title":"Real estate major Amrapali group asked to submit the valuation report of its directors","author":"Bhumika Indulia","date":"August 9, 2018","format":false,"excerpt":"Supreme Court: The Bench comprising of Arun Mishra and UU Lalit, JJ., in an order to the real estate major Amrapali Group stated that the Supreme Court would sell \u201ceach and every property\u201d of the firm in order to recover the cost of construction of all the pending projects. 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