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Sunday, November 3, 2024
TopicAmrapali Group

Topic: Amrapali Group

Bank loans to higher floor-area ratio, how state-run NBCC plans to complete stuck Amrapali projects

Higher floor area ratio will allow National Buildings Construction Corporation to construct more flats in the five projects that have unused land and sell them to pay off Amrapali's pending dues.

CBI books Amrapali Group ex-CMD Anil Sharma in Balika Vidyapeeth’s ex-secy murder case

Sharma has been booked on murder charges along with 5 others in connection with the 8-year-old murder case of Sharad Chand, former secretary of Bihar-based Balika Vidyapeeth.

SC approves SBICAP’s proposal to fund 6 stalled projects of Amrapali Group

The SBICAP, which manages the govt sponsored stress fund for real estate sector, had proposed to provide Rs 625 Crore for construction of these six projects.

SC directs transfer of all home buyers’ cases against Amrapali Group to ED

Several cases were lodged by home buyers' against the Amrapali Group after the management defaulted in timely delivery of flats and denied the agreed conditions.

Why SC allowing ED to attach assets has tightened the noose on JPMorgan in Amrapali case

US-based investment bank JPMorgan is accused of helping real estate developer Amrapali in transferring homebuyers’ money to offshore accounts.

Amrapali Group violated forex laws, laundered funds worth over Rs 55 crore, finds ED

The ED found at least seven 'contraventions' under FEMA and wants JP Morgan, a US-based investment banking firm, to be legally directed to remit funds worth about Rs 140 crore.

SC’s go-to real estate troubleshooter NBCC is struggling with stalled projects of its own

Many of the NBCC's projects are stalled, though it is not entirely of the PSU's own making in much of the cases.

After SC ruling high, the reality — NBCC has no money to finish Amrapali projects

NBCC, the state-run real estate developer appointed by SC to finish the Amrapali projects, has only Rs 19 crore of the approximately Rs 8,500 crore it believes it needs.

Has Supreme Court done justice to Amrapali home buyers or has it passed the buck to govt?

The Supreme Court has cancelled the registration of Amrapali Group and ordered the Enforcement Directorate to charge the builders with fraud and money laundering.

Amrapali illegally diverted homebuyers’ money to Dhoni’s sports company: SC

SC verdict says Amrapali Group also entered into “sham” agreements with Amrapali Mahi, a company in which Dhoni’s wife Sakshi is a director. Rhiti Sports dismisses charges.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.