Amrapali Group

State-owned NBCC sells 5,000 flats of Amrapali Group for Rs 2,900 crore

State-owned NBCC on Tuesday announced sales of 5,000 units for Rs 2,900 crore across several residential projects of erstwhile Amrapali Group. As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC (India) Ltd. "In a step towards the resolution of the stuck Amrapali project, NBCC has completed the sale of 5,000 flats having a value of around Rs 2,900 crore. This is a significant step towards delivering relief to the thousands of purchasers who have been waiting for years for their apartments," the company said in a statement. With this, the company has completed the sale of over 80 per cent of the inventory available. The sale of these 5,000 units has been conducted by ASPIRE, a company floated to complete the pending Amrapali projects, under the supervision of the Supreme Court-appointed court receiver. According to NBCC, there were 46,575 apartments

Updated On : 26 Dec 2023 | 7:28 PM IST

Doesn't deserve sympathy: SC rejects bail plea of ex-CMD of Amrapali Group

The Supreme Court has rejected the bail plea of former CMD of Amrapali Group of Companies Anil Kumar Sharma, saying he cheated thousands of home buyers and did not deserve any sympathy. A bench comprising Justices Ajay Rastogi and Bela M Trivedi refused to issue notice to the prosecuting agency on the bail plea of Sharma, who has been in jail for over four years in the case. "You have cheated thousands of home buyers.You siphoned off their hard-earned money and their life savings. You do not deserve any sympathy," the bench said on Thursday. The former CMD of the real estate group and other directors of the firm were arrested on the direction of the top court after the forensic audit report revealed that a large amount of home buyers' money was siphoned off by the management. It said the offence ran "very deep" and even the court was facing difficulties in tackling the problem. Yours is not a case of simple cheating. See the plight of thousands of home buyers. You cannot have our

Updated On : 05 May 2023 | 1:47 PM IST

CBI books ex-CMD of Amrapali Group in Balika Vidyapeeth murder case

The CBI has booked former chairman and managing director of Amrapali Group Anil Sharma in connection with the eight-year-old murder case of Sharad Chand, a former secretary of Bihar-based educational institution Balika Vidyapeeth, officials said. Sharma was arrested Wednesday on the Patna High Court's orders issued last month. In accordance with its procedures, the Central Bureau of Investigation (CBI) has taken over the probe into the FIR registered by the Lakhisarai police station in Bihar. Sharma, who is facing a number of bank-fraud cases, has been booked on murder charges, along with Lakhisarai-based Praveen Sinha, Shyam Sundar Prasad, Rajendra Singhania, Shambhu Sharan Singh and Anita Singh, the then principal of Balika Vidyapeeth. It has been alleged that Chand, the then secretary of Balika Vidyapeeth in Lakhisarai, who lived in the educational institution, was shot dead while he was reading a newspaper sitting in the verandah of his residence at about 6.30 am on August 2, 2

Updated On : 12 Jan 2023 | 10:08 AM IST

Former Amrapali CMD booked in Balika Vidyapeeth's ex-secy murder case: CBI

The CBI booked former chairman and managing director of Amrapali Group Anil Sharma on Wednesday in connection with the eight-year-old murder case of Sharad Chand, a former secretary of Bihar-based educational institution Balika Vidyapeeth, officials said. The CBI action came on the Patna High Court's orders issued last month. In accordance with its procedures, the Central Bureau of Investigation (CBI) has taken over the probe into the FIR registered by the Lakhisarai police station in Bihar. Sharma, who is facing a number of bank-fraud cases, has been booked on murder charges, along with Lakhisarai-based Praveen Sinha, Shyam Sundar Prasad, Rajendra Singhania, Shambhu Sharan Singh and then principal of Balika Vidyapeeth Anita Singh. It has been alleged that Chand, the then secretary of Balika Vidyapeeth in Lakhisarai who resided at the educational institution, was shot dead while he was reading a newspaper sitting in the verandah of his residence at about 6:30 am on August 2, 2014 b

Updated On : 12 Jan 2023 | 6:56 AM IST

CBI books Amrapali CMD, 8 more for Balika Vidyapeeth's ex-secy murder

CBI has filed a murder case against Amrapali Group CMD and 8 others in connection with killing of then secy of Balika Vidyapeeth in Lakhisarai, Bihar, who was shot dead on the campus in August 2014

Updated On : 11 Jan 2023 | 10:47 PM IST

Give management of Amrapali to Uttar Pradesh: AG tells Supreme Court

Attorney General R Venkataramani, the court receiver for the Amrapali group projects, told the Supreme Court on Friday he is facing resistance from Noida and Greater Noida authorities in generating funds for the stalled projects and, if the situation remains so, the management of the company should be handed over to the Uttar Pradesh government. Home buyers, through their counsel, submitted the National Building Construction Corporation (NBCC) has completed construction of around 3,000 flats left incomplete by the Amrapali group but no electricity and water connections have been provided by the Noida and Greater Noida authorities. "I, as a court receiver and the Attorney General, am taking all efforts to generate more funds for completion of the stalled projects but Noida and Greater Noida have taken a stand that unused FAR (floor area ratio) should not be sold," Venkataramani told a bench of Justices Ajay Rastogi and Bela M Trivedi. Floor Area Ratio is the ratio of a building's tot

Updated On : 03 Dec 2022 | 12:31 AM IST

NBCC gets Rs 271 cr order in stalled projects of erstwhile Amrapali Group

State-owned construction firm NBCC (India) Ltd on Monday said it has got work orders worth Rs 271.62 crore in projects of erstwhile realty firm Amrapali Group. In a regulatory filing, the company informed that it has got an order of Rs 42.44 crore for construction of balance works /left out works of Amrapali corporate Hub at IMT Manesar, Gurugram in Haryana. NBCC got an another order of Rs 229.18 crore for "special repair and up-gradation works of civil, electrical, mechanical and plumbing along with all allied works required due to lack of comprehensive maintenance of Amrapali Projects at Noida & Greater Noida". The order value mentioned is including of PMC (project management consultancy) charge and excluding of GST. NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and Investment Reconstruction Establishment (ASPIRE) and supervision of the Supreme Court. NBCC shares closed marginally down by .

Updated On : 28 Nov 2022 | 11:30 PM IST

SC extends interim bail granted to ex-CMD, ex-director of Amrapali Group

The Supreme Court on Saturday extended the interim bail granted to former CMD of Amrapali Group of Companies Anil Kumar Sharma and the real estate firm's ex-director Shiva Priya on medical grounds. A bench of Chief Justice UU Lalit and Justice Bela M Trivedi, which conducted a special hearing on a non-working day for the apex court, allowed Sharma to continue on interim bail as he is scheduled to undergo surgery for cataract and glaucoma, after it was submitted that he had lost around 90-95 per cent of his vision. The bench allowed him to visit a hospital in Chennai for the surgery and said he will have to file a report about his medical condition five days after the procedure. At the outset, advocate Manoj Singh, appearing for Sharma, said his medical reports indicate he has to undergo surgery for both his eyes. "Doctors have said that he will first have to undergo surgery for left eye and then there will be a rest of four weeks after which surgery in right eye will be conducted.

Updated On : 22 Oct 2022 | 7:48 PM IST