Supreme Court To Hear Amrapali Case Tomorrow [Read Previous Judgment]

Judiciary Dec 12, 2019 Lawstreet News Network 23 Shares

The Supreme Court of India will be hearing the case of Bikram Chatterjee Ors. v. Union of India & Ors. more commonly known as the Amrapali Homebuyers case, tomorrow (Decmber 13, 2019).

Also Read - Amrapali Homebuyers Deposit over Rs. 266 Crores in Supreme Court

A Division Bench comprising of Justices Arun Mishra and UU Lalit had directed thousands of homebuyers to pay outstanding dues by January 31, 2020 either in one go or in installments for the speedy completion of the all the stalled projects.

The Apex Court had asked 28 banks, who have entered into agreements, directly with home buyers or through the Amrapali Group for financing homes, to disburse the pending amount within one month.

Also Read - SC Directs SBICAP To Fund 6 Viable Stalled Projects Of Amrapali Group

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Amrapali Homebuyers Deposit over Rs. 266 Crores in Supreme Court

Business Nov 19, 2020 Parul Singhal ( Editor: Ekta Joshi ) 3 Shares

Senior Advocate R Venkataramani, who was appointed a receiver to manage the affairs of the group, appearing before a bench of Justice U U Lalit and Justice Ashok Bhushan, told that homebuyers have deposited over Rs 260 Crores in the last ten months as part of their dues. He said that this amount was paid by homebuyers themselves and an additional Rs. 5 crores have been deposited by banks and financial institutions on behalf as part of their home loan. With the Supreme Court's steps to...

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SC Directs SBICAP To Fund 6 Viable Stalled Projects Of Amrapali Group

Judiciary Sep 01, 2020 Rhea Banerjee ( Editor: Ekta Joshi ) 4 Shares

The Apex Court has asked SBICAP to initiate the funding for the six identified projects of the now de-functioned Amrapali Group as those six are the only viable ones as per the financial institution to be invested upon. The Supreme Court has also referred the case to the Centre stating that the respective case should be considered as a “special case” and lend out the remaining money for the construction of the other stalled projects from the Stressed Funds which is specifically created for...

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