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Saturday, August 23, 2025
TopicAmrapali Group

Topic: Amrapali Group

JP Morgan helped Amrapali divert funds overseas, Supreme Court says & orders probe

A forensic audit found that JPMorgan violated foreign investment rules including paying dividend without generating profits, setting up fake companies and overvaluing shares.

Supreme Court cancels Amrapali’s registration, ED files money laundering charges

The Supreme Court appointed a court receiver in whom the rights of all Amrapali properties will be vested, and directed NBCC to complete pending projects.

India’s top 7 cities have become graveyards of lakhs of houses worth Rs 4.5 lakh cr

Anxiety stalks buyers as several projects undertaken by real estate giants such as Amrapali Group & Jaypee remain incomplete a decade past their deadline.

Mahendra Singh Dhoni moves Supreme Court in Amrapali property case

Cricketer Dhoni said that like other home-buyers and creditors, he too has been duped by the Amrapali Group.

Supreme Court allows Delhi Police to arrest Amrapali chairman, directors

The top court also directed that the personal assets of the three Amrapali directors, including chairman Anil Sharma, be attached.

Trio of Amrapali directors to spend time in police custody at four-star Noida hotel

Directors of the real estate giant Amrapali are under the Supreme Court's scanner for allegedly diverting money invested by homebuyers. New Delhi: The Supreme Court...

The rise & fall of Amrapali, from real estate giant to company struggling to pay its dues

At its peak, Amrapali Group, which was hauled to Supreme Court by more than 2,500 homebuyers, claimed to have nearly 50 properties spread across 24 cities.

Amrapali Group directors arrested for failing to follow Supreme Court orders

Three directors of Amrapali — promoter Anil Sharma, Shiv Priya and Ajay Kumar — will remain in custody till documents are handed over for an audit.

The rise & fall of Amrapali, from real estate giant to company struggling to pay its dues

At its peak, the group, which has been hauled to Supreme Court by more than 2,500 homebuyers, claimed to have nearly 50 properties spread across 24 cities.

SC appoints officer to sell off Amrapali’s properties and recover money

Money raised will be made available to the state-owned National Buildings Construction Corporation to complete Amrapali’s unfinished projects.

On Camera

Swraj Paul was the original NRI powerbroker. Helped Indira’s return, shaped India Inc

When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

India and France to jointly develop and manufacture 120 kN engine for homegrown AMCA

The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?