The case involves a writ petition (Civil) No. 940/2017 filed in the Supreme Court of India. It is related to the Amrapali Group of Companies and their failure to complete housing projects, leaving numerous homebuyers in distress. The case involves multiple writ petitions and applications seeking various directions and clarifications. The NBCC (National Buildings Construction Corporation) submitted a proposal for the completion of the pending projects. The court is overseeing the process of forensic audit and asset identification to ensure the completion of the projects and protect the interests of the homebuyers.
The case originates from a writ petition filed in 2017 concerning the Amrapali Group of Companies, which failed to deliver promised housing projects to numerous homebuyers. Several writ petitions and applications were filed, seeking directions and clarifications regarding the completion of these projects. The National Buildings Construction Corporation (NBCC) submitted a proposal to take over and complete the pending projects. The court is examining the assets of the Amrapali Group, including both encumbered and unencumbered properties, to determine their value and potential for sale. A forensic audit is being considered to investigate financial irregularities and diversion of funds within the Amrapali Group. The Bank of Baroda has also been involved, with certain
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Writ Petition(s)(Civil)…
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The case involves a writ petition (Civil) No. 940/2017 filed in the Supreme Court of India. It is related to the Amrapali Group of Companies and their failure to complete housing projects, leaving numerous homebuyers in distress. The case involves multiple writ petitions and applications seeking various directions and clarifications. The NBCC (National Buildings Construction Corporation) submitted a proposal for the completion of the pending projects. The court is overseeing the process of forensic audit and asset identification to ensure the completion of the projects and protect the interests of the homebuyers.
The case originates from a writ petition filed in 2017 concerning the Amrapali Group of Companies, which failed to deliver promised housing projects to numerous homebuyers. Several writ petitions and applications were filed, seeking directions and clarifications regarding the completion of these projects. The National Buildings Construction Corporation (NBCC) submitted a proposal to take over and complete the pending projects. The court is examining the assets of the Amrapali Group, including both encumbered and unencumbered properties, to determine their value and potential for sale. A forensic audit is being considered to investigate financial irregularities and diversion of funds within the Amrapali Group. The Bank of Baroda has also been involved, with certain
…Writ Petition(s)(Civil)…
Court's order r…
Sign in to view related legal provisions.