News

August 14, 2019

Amrapali case: Special cell to start registration. Officials warned by SC of being sent to jail in case of delay


[ by Legal Era News Network ]

Amrapali-Homebuyers

The Supreme Court has directed the Noida and Greater Noida authorities to start registration of flats in favour of Amrapali homebuyers and hand over the possession of flats to the homebuyers failing which they could be sent to jail. Accordingly, a special cell has been set up to ease out the homebuyers’ problems.

Last month the Supreme Court had cancelled Amrapali’s license and appointed government owned National Buildings Construction Corp Ltd (NBCC) to complete all pending projects. The Court observed that the group had violated Foreign Exchange Management Act (FEMA) and engaged in money laundering and other fraudulent activities.

The Apex Court recommended to the Enforcement Directorate to conduct a thorough investigation into the matter. Noida and Greater Noida authorities have been directed to execute the tripartite agreement within one month concerning the projects where homebuyers are residing and issue completion certificate.

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