The Supreme Court will conduct proceedings on Saturday, 3 September, to hear various petitions relating to the projects of the Amrapali Group.
A bench of CJI Lalit and Justice Bela M Trivedi will be hearing matters related to projects of Amrapali Group.
The court will examine the report by R Venkataramani, Senior Advocate who was earlier appointed as Court Receiver to look after the issues relating to homebuyers.
At the last hearing on 22 August, the court took note of the status report filed on behalf of the Enforcement Directorate concerning the investigation in relation to the Surekha Family.
According to the said report, supplies of TMT bars to the tune of Rs 215 crores were not found to be genuine.
The report submits that a detailed investigation under the provisions of the Prevention of Money Laundering Act, 2002 is still underway. It added that appropriate steps shall thereafter be undertaken.
On 25 January 2019, the top court gave the go-ahead to the government-owned National Buildings Construction Corporation (NBCC) to start the process of completing two stalled Amrapali housing projects.
Later on 23 July 2019, the court asked the National Buildings Construction Corporation to complete the unfinished housing projects of Amrapali in Noida and Greater Noida areas and hand them over to the homebuyers as soon as possible.
The court also cancelled the RERA (Real Estate Regulatory Authority) registration of Amrapali Group.
In July 2022, the top court said, “Monetary claims raised by the company shall be looked into after the claims of all the flat-buyers for possession of the respective apartments booked by them and the statutory entities or corporations like NOIDA/Greater NOIDA and Electricity Company are considered and satisfied.”