{"id":57287,"date":"2019-08-26T21:02:32","date_gmt":"2019-08-26T15:32:32","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=57287"},"modified":"2019-08-26T21:02:32","modified_gmt":"2019-08-26T15:32:32","slug":"amrapali-case-sc-orders-release-of-rs-7-cr-to-nbcc-to-complete-2-stalled-projects","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/amrapali-case-sc-orders-release-of-rs-7-cr-to-nbcc-to-complete-2-stalled-projects","title":{"rendered":"Amrapali case: SC orders release of Rs 7 cr to NBCC to complete 2 stalled projects"},"content":{"rendered":"<p>On Monday, the Supreme Court directed the release of Rs 7 crore from the Court&#8217;s Bank account\u00a0to National Buildings Construction Corporation (NBCC) to complete two stalled projects of embattled real estate group Amrapali in Noida &amp; Greater Noida.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-2019-07-23T165213.691.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"168\" data-attachment-id=\"56858\" data-permalink=\"https:\/\/www.legalindia.com\/news\/supreme-court-cancels-amrapali-groups-registration-and-leases-directs-nbcc-to-complete-its-pending-projects\/download-2019-07-23t165213-691\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-2019-07-23T165213.691.jpg?fit=300%2C168&amp;ssl=1\" data-orig-size=\"300,168\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"download &amp;#8211; 2019-07-23T165213.691\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-2019-07-23T165213.691.jpg?fit=300%2C168&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-2019-07-23T165213.691.jpg?fit=300%2C168&amp;ssl=1\" class=\"alignleft size-full wp-image-56858\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-2019-07-23T165213.691.jpg?resize=300%2C168&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-2019-07-23T165213.691.jpg?w=300&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-2019-07-23T165213.691.jpg?resize=150%2C84&amp;ssl=1 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><br \/>\nTo ensure the speedy work a Bench headed by Justice Arun Mishra asked Noida &amp; Greater Noida authorities to create a special cell for each project.<br \/>\nThe homebuyers submitted before the Apex Court that a total of Rs 2,000 crores is required to complete the unfinished projects in both the areas.<br \/>\nThe SC also directed that a forensic audit report be supplied to the probe agencies &#8212; Enforcement Directorate &amp; Delhi Police&#8217;s Economic Office Wing (EoW) &#8212; for taking appropriate action against those accused.<br \/>\nOn July 23, the Court had directed the NBCC to complete the unfinished housing projects of Amrapali in Noida &amp; Greater Noida area &amp; handover these to the homebuyers as soon as possible.<br \/>\nRERA (provide proper protection to homebuyers) registration of Amrapali real estate has been cancelled by the Court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, the Supreme Court directed the release of Rs 7 crore from the Court&#8217;s Bank account\u00a0to National Buildings Construction Corporation (NBCC) to complete two stalled projects of embattled real estate group Amrapali in Noida &amp; Greater Noida. To ensure the speedy work a Bench headed by Justice Arun Mishra asked Noida &amp; Greater Noida [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57117,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[20124],"tags":[45411,45412,47726],"class_list":["post-57287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-court-judiciary-legal-system","tag-amrapali-case","tag-rs-7-cr-to-nbcc","tag-supreme-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amrapali case: SC orders release of Rs 7 cr to NBCC to complete 2 stalled projects - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"On Monday, the Supreme Court directed the release of Rs 7 crore from the Court&#039;s Bank account\u00a0to National Buildings Construction Corporation (NBCC) to - Get the latest legal news from the Supreme Court, High Courts, and government. 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On Aug 26, a bench headed by Justice Arun Mishra asked Lahoty to furnish project-wise details of the people, who are presently residing\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-27-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":56857,"url":"https:\/\/www.legalindia.com\/news\/supreme-court-cancels-amrapali-groups-registration-and-leases-directs-nbcc-to-complete-its-pending-projects","url_meta":{"origin":57287,"position":1},"title":"Supreme Court cancels Amrapali group&#8217;s registration and leases, directs NBCC to complete its pending projects","author":"Legal India Admin","date":"July 23, 2019","format":false,"excerpt":"The Supreme Court on Tuesday cancelled the registration of the Amrapali group and appointed the state-run National Buildings Construction Corporation (NBCC) to complete all its pending projects, bringing great relief to thousands of home buyers who had invested their money with it. 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The Justice Arun Mishra-led bench of SC pushed Centre to release additional funds to the tune of Rs 500 crore. The government has assured the\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54386,"url":"https:\/\/www.legalindia.com\/news\/sc-sends-3-directors-of-amrapali-group-to-police-custody","url_meta":{"origin":57287,"position":3},"title":"SC sends 3 directors of Amrapali group to police custody","author":"Legal India Admin","date":"October 10, 2018","format":false,"excerpt":"NEW DELHI:\u00a0The Supreme Court sent in police custody three Directors of the Amrapali Group,\u00a0\u00a0directing them to hand over all the documents of the 46 group companies to forensic auditors. 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