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SC rap for Amrapali Group, big relief for 42,000 home buyers

Pronouncing its judgment in the case pertaining to pending projects of Amrapali Group, the Supreme Court on Tuesday faulted banks, Noida and Greater Noida authorities for the ongoing mess at the  real estate company.

Canceling Amrapali’s Real Estate Regulatory Authority (Rera) registration, the apex court has asked state-run NBCC to complete pending projects of Amrapali Group.

The apex court also gave a big relief to 42,000 home buyers of the group, with the bench of Justices Arun Mishra and UU Lalit ordering that they shall not be prevented from taking possession of the flats on account of non-payment of dues to Noida and Greater Noida authorities. 

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