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Saturday 18 January 2020

Amrapali case: Registration of all companies cancelled

The bench of Justice Arun Mishra directs Enforcement Directorate to conduct a detailed investigation against the Amrapali Group.

New Delhi: On Tuesday, the Supreme Court ordered cancelling the registration of all the companies in the Amrapali case. The bench of Justice Arun Mishra directs Enforcement Directorate to conduct a detailed investigation against the Amrapali Group. The Supreme Court has directed NBCC to complete the projects in Noida and Greater Noida and give their buyers.

The Supreme Court directed the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects in Noida and Greater Noia and handover these to home-buyers. A bench of the Supreme Court, headed by Justice Arun Mishra, directed cancellation of registration of all Amrapali group of companies and directs Enforcement Directorate to conduct a detailed investigation against the group for diverting homebuyers’ money.

After Noida and Greater Noida authorities submitted that they were incapable of completing the Amrapali group’s under-construction projects, the apex court reserved the judgment of 10 May in this matter. Both the authorities supported the idea of transferring the projects to a reputed builder under the supervision of a high powered monitoring committee. Both of them had expressed their own inability to complete these projects, citing their lack of resources and expertise in the domain.

The apex court had on 8 May said that it could give ownership of all 15 major residential properties to the Noida and Greater Noida Authority because it has failed to fulfil the commitment to 42,000 home buyers.

After this, the court had reserved the verdict on the completion of these stuck projects and its management control. The apex court will decide on Tuesday as to who will provide the houses to 42,000 buyers in Amrapali projects.

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