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AMRAPALI INSOLVENCY PROCEEDINGS
IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...- NBCC moves SC to complete stalled projects of realty major Supertech LtdThe state-owned NBCC has approached the Supreme Court to complete Supertech Limited's 17 stalled projects, affecting around 27,000 homebuye...
- Amrapali-like fraud won't recur: Centre to SCIt is now mandatory for real estate companies to deposit 70% of the money raised from homebuyers in a separate bank account which would be ...
- NCLT admits bankruptcy plea against Noida-based realtor Granite GateThe buyers had approached the tribunal after the builder failed to deliver flats and refund their advance money.
- Amrapali needs Rs 2,000 crore to finish 9 NCR projects, Supreme Court toldThe proposal was prepared on the basis of joint inspection reports prepared by the developers and home-buyers after visiting the site to ch...
- Homebuyers’ claims to be settled first, SC tells banksGiving assurance to more than 41,000 flat-buyers, a bench of Justices Arun Mishra and U U Lalit said their problem would be first addressed...
- Homebuyers may get a say in insolvency proceedings for real estate companiesThey may be given the right to participate in the insolvency resolution process and be part of the committee of creditors.
- SC to supervise completion of viable Amrapali projectsAmrapali is facing problems in completing the projects as its bank accounts have been seized because of insolvency proceedings initiated by...
- Furnish details of funds invested in projects: SC to AmrapaliA bench of justices Arun Mishra and Amitava Roy said that the company should also give details about the funds which have been frozen after...
- Amrapali seeks Supreme Court nod to rope in other builders to complete projectsIt claimed that many firms have expressed interest in taking over and completing these housing projects.
- Amrapali seeks Supreme Court nod to rope in other buildersThe company in an affidavit told the court that the projects could be completed and possession handed over to buyers in a timebound manner ...
- Amrapali told to deposit over Rs 10 crore for delay in Noida projectThe court ordered the developer to deposit the amount after home buyers expressed fears that the company faces insolvency.
- Supreme Court restrains Amrapali group directors from leaving countryA bench headed by Chief Justice Dipak Misra issued notice to the company and sought its reply within two weeks on a plea filed by Amrapali ...
- Supreme Court notice to government, Amrapali on plea of over 100 home buyersThe petition, filed through lawyer M L Lahoty, alleged that the 107 home buyers had neither got possession of the property, nor any compens...
- NCLT starts insolvency proceedings against Amrapali InfrastructureThe Amrapali group company defaulted on a loan of Rs 97.30 crore to Bank of Baroda. NCLT will now appoint an insolvency resolution professi...
- Amrapali homebuyers move apex court to protect their interestsWhile insolvency proceedings are pending, any third parties — including homebuyers — are barred from approaching any other judicial fora fo...
- Amrapali home buyers move Supreme Court for safeguarding interestsMore than 5000 flats were to be built in approximately 40 towers in a phased manner by the embattled group.
- Noida Authority submits claim for Rs 650 crore dues on Amrapali GroupHome buyers were asked to file their respective claims before the IRP by September 19.
- Amrapali’s Silicon City faces insolvency actionAmrapali is the second major real estate company whose project in Noida is facing insolvency action after Jaypee Infratech.
- Amrapali directors won't leave country, submit passports to district magistrateThe directors of Amrapali Group said they will continue to work to ensure all projects are completed and handed over to buyers.
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