BREAKING: Amrapali homebuyers need to submit Rs 2,600 cr, directs SC

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BREAKING: Amrapali homebuyers need to submit Rs 2,600 cr, directs SC

The court asked the counsels representing the homebuyers to submit a list in this regard in the next hearing on September 11.

BREAKING: Amrapali homebuyers need to submit Rs 2,600 cr, directs SC

The Supreme Court on Monday made it clear that Rs 2,600 crore to be deposited by homebuyers to complete stalled Amrapali projects. While hearing the matter, the court asked the counsels representing the homebuyers to submit a list in this regard in the next hearing on September 11.

The Apex court also directed that Rs 7.12 crore be released to the National Building Construction Company (NBCC). “Rs 7.12 crore outstanding money which owns Amrapali Group to be paid to NBCC,” Mihir Kumar, homebuyers advocate said.

Meanwhile, the court asked the Noida and Greater Nodia Authorities to depute one officer from their nodal cell to report to the court receiver. “Noida and Greater Noida Authority to depute one officer to assist the receiver,” the apex court said.

The court on July 23 had appointed a receiver to proceed with the development consulting with Noida and Greater Noida Authorities and also homebuyers. The receiver was also given reprehensibility to monitors all developments in the case including registration of flats.

The court also directed that the copy of forensic audit reports be given to Enforcement Directorate (ED), Delhi Police and the Institute of Chartered Accountants.

The court direction has come a month after Amrapali group projects were handed over to state-run real estate firm NBCC and had cancelled the registration of real estate firm Amrapali group.