SC cancels Amrapali group’s registration and leases, directs NBCC to complete its pending projects
The Supreme Court on Tuesday cancelled the registration of the Amrapali group and appointed the state-run National Buildings Construction Corporation (NBCC) to complete all its pending projects, bringing great relief to thousands of home buyers who had invested their money with it. A bench of Justices Arun Mishra and U U Lalit also cancelled the leases of Amrapali’s properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money laundering by CMD Anil Sharma and other directors and senior officials of the group.The…
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