Amrapali Group
Amrapali Group News
Supreme Court asks ED to attach Indian properties of JP Morgan for violation of FEMA, FDI norms
On 23 July last year, the Supreme Court had cracked its whip on errant builders for breaching the trust of homebuyers, ordered cancellation of Amrapali Group’s registration under real estate law RERA and ousted it from its prime properties in the NCR by nixing the land leases.
Amrapali Group case: Supreme Court directs handing over of forensic audit report to ED, Delhi Police, ICAI
The top court directed that the forensic audit report on the Amrapali Group should be handed over to the Director of Enforcement Directorate.
Auditors confirm to SC that Amrapali Group 'illegally diverted' home buyers' money to Sakshi Dhoni's company
Soon after the Supreme Court's judgment regarding the Amrapali Group, forensic auditors informed the apex court that Mahendra Singh Dhoni and his wife Sakshi's companies had entered into 'sham' deals with Amrapali.
SC judgment in Amrapali Group case a welcome step, but opacity of Noida’s real estate market remains a problem
Individual cases such as the one involving Amrapali Group are reaching the Supreme Court because at the local level, the mechanism of checks and balances is not there.
SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers
A bench of Justices Arun Mishra and UU Lalit also cancelled leases of Amrapali's properties granted by Noida and Greater Noida authorities and given them to NBCC. The court had asked the Noida authority to explain what action it has taken against the Amrapali group.
Supreme Court directs RERA to cancel Amrapali Group's registration; asks ED to conduct probe into fund diversion
The ED will register money laundering cases against Amrapali, its chief managing director and other directors
Will throw Amrapali Group out and give ownership rights of properties to Noida and Greater Noida: SC
It also questioned how Amrapali Group could mortgage the entire projects and secure loan worth thousands of crores of rupees from banks when it was only an agent to develop the property.
Amrapali Group gave flats, penthouses as fees to lawyers; accepting fees in kind is violation of law: SC
The court-appointed forensic auditors, detected siphoning of over Rs 400 crore by Surekha, MD of a listed firm, who according to them, is an authorised signatory of Amrapali in banks since 2016.
Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court
Amrapali Group "cheated everybody including home buyers, banks and authorities and indulged in cartelization to prevent the Debt Recovery Tribunal from auctioning its unencumbered properties", SC said.
Daily Bulletin: Odisha, Andhra, Bengal brace for Cyclone Fani; politics erupts over Masood Azhar's listing as terrorist; day's top stories
Today's top stories: Odisha, Andhra Pradesh and West Bengal brace for Cyclone Fani; politics has erupted over the timing of JeM chief Masood Azhar's designation as a UN terrorist; EC has issued a showcause notice to Rahul Gandhi; and more.
NBCC wants lenders to consider its bid on merit to acquire bankrupt Jaypee Infratech
NBCC said it entered into the insolvency proceedings of Jaypee Infratech to provide relief to over 20,000 home buyers.
NBCC sweetens bid to acquire Jaypee Infratech, offers land parcels worth Rs 5,000 cr to lenders
According to sources, NBCC has offered to pay Rs 500 crore upfront to lenders and would invest about Rs 2,000-2,500 crore as funding gap to complete delayed housing projects of Jaypee Infratech.
Amrapali Group fund diversion case: Supreme Court orders attachment of firm's five-star hotel, mall and FMCG company
Amrapali Group CMD Anil Sharma, in an affidavit in the Supreme Court, revealed that he and his family members received crores of rupees over the years as ‘salary and professional charges
Amrapali played 'big fraud' by diverting homebuyers money to other firms, 'big racket' has to be unearthed, says SC
Amrapali Group has been hoodwinking the court, DRT and also the forensic auditors, the Supreme Court court said.
Supreme Court orders nine properties of Amrapali group be sealed, allows only auditors to enter premises
The three directors of Amrapali moved an application before a bench comprising Justices UU Lalit and DY Chandrachud stating that they were willing to hand over all the documents but the police was unaware about which one needed to be seized.
Supreme Court action against Amrapali directors sends the right message to home buyers
Apparently, the Supreme Court suspects huge diversion of funds and hence it is looking beyond the companies themselves to retrieve the money to the extent possible for the beleaguered and hapless home buyers.
NBCC to float tenders in 15 days to appoint contractors for stalled housing projects of debt-ridden Amrapali Group
The Supreme Court has allowed NBCC to float tenders for selecting builders to complete the stalled projects of Amrapali Group
'Don't play smart or we will make you homeless', Supreme Court warns realty major Amrapali Group's directors
The Noida-based Amrapali Group has been accused of delaying its projects to the detriment of homebuyers' interest.
Amrapali Group's Anil Sharma, one-time poster boy of Delhi's real estate scene, courts controversies over financial dealings
Anil Sharma, Chairman of the Amrapali Group, had come up with the slogan, “My home, my right.” He is now in the news for allegedly not having handed over people their rightful homes.
Here's why celebrities would be forced to restrain brand endorsements willy-nilly
Celebrities now will have to exercise extreme caution in selection of brand endorsements as the Parliamentary Standing Committee is all out to make celebrities responsible for misleading ads.