Diabytes
Amrapali home buyers News
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SC has also ordered the that the report of the forensic audit be submitted to the ED, Delhi Police and ICAI so that strict action can be initiated against Amrapali group directors and its auditors.
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Supreme Court appointed receiver R Venkatramani along with the Amrapali Sapphire homebuyers and Noida authority will formulate a tripartite lease deed.
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The apex court also warned that the officers of both the Authorities will be sent to jail if there is any delay on their parts in handing over possession of flats to buyers.
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Canceling Amrapali's Real Estate Regulatory Authority (Rera) registration, the apex court has asked state-run NBCC to complete pending projects of Amrapali Group.
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By Diwali this year, NBCC plans to complete work on over 5000 flats.
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The SC has also asked electricity company to resume connection to Silicon City and Zodiac projects.
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Amrapali Group had earlier given details of its ongoing housing projects, stages of work and the likely time to complete construction.
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