Diabytes
NBCC News
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CBI has booked former Delhi Jal Board officials -- chief engineer Jagdish Kumar Arora, superintendent engineer P K Gupta, executive engineer Sushil Kumar goel, assistant engineer Ashok Sharma, AAO Ranjit Kumar and others besides private company NKG Infrastructure Limited.
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The district administration confirmed "structural and construction lapses" at the Sector 37 D-based NBCC Green View society, where the residents have been asked to vacate by March 1.
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On the occasion of Diwali, 150 flats in a stalled project of Amrapali were given to the homebuyers.
Bank of India and Bank of Baroda have agreed in-principle to infuse funds to the tune of around Rs 1,000 crore.
The bench said that it will try to hear the Amrapali matter on every Saturday.
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The Supreme Court on Monday directed National Buildings Construction Corporation (NBCC) Ltd. to commence and complete the work of eight projects involving 11,258 home units in Noida and Greater Noida, and start handing over possession to the buyers.
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The court passing the order in extraordinary circumstances said that JP Association bidder cannot submit its proposal. A bench of Justices A. M. Khanwilkar and Dinesh Maheshwari turned down the Jaypee group plea for participating in the auction of its debt-ridden group firm, Jaypee Infratech Ltd (JIL).
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The top court directed NBCC to submit the salient features of the revised plan in a sealed cover at the next date of hearing.
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The Supreme Court asked the National Buildings Construction Corporation's (NBCC) whether it was willing to give a revised proposal to complete the stalled projects of Jaypee Group.
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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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NBCC may complete unfinished projects of Unitech Group. To know more watch the video
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The Supreme Court has cancelled the Rera registration of the Amrapali Group and in a relief to homebuyers, the SC also asked NBCC to complete pending projects.
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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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The development comes hours after the National Company Law Appellate Tribunal (NCLAT) clarified that it has not barred lenders from voting against NBCC's resolution plan.
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Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.
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A Committee of Creditors (CoC) met on Tuesday and took this decision even as NBCC Monday decided against diluting certain conditions, including exemption from tax liability, in its revised offer.
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The Committee of Creditors (CoC) met Thursday to discuss NBCC's revised offer after it rejected the bid of Mumbai-based Suraksha Realty on May 3 through a voting under the insolvency proceedings.
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Aggrieved buyers, who have booked flats in Jaypee Infratech projects, also complained that voting process is not being carried out in a fair manner.
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The Committee of Creditors on April 26 had rejected the NBCC bid, terming it conditional and without the necessary approval from the government. The lenders had approved voting on a rival bid from Mumbai-based Suraksha Realty, backed by Sudhir Walia of Sun Pharma group.
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By Diwali this year, NBCC plans to complete work on over 5000 flats.
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Jaypee Infratech is undergoing insolvency proceedings in the NCLT.
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