<span style="color: #222222;">The Supreme Court today canceled the registration of the Amrapali group under the Real Estate Regulatory Authority, RERA.<br />''<br />'' The Apex court also cancelled the lease of the realtor's properties granted by Noida and Greater Noida authorities.<br />''&nbsp;<br />''A bench of Justices Arun Mishra and U U Lalit appointed the National Buildings Construction Corporation to complete all the pending projects of the group.<br />''<br />'' It also appointed senior advocate R Venkataramani as the Court Receiver in whom the rights of all the Amrapali properties will be vested after the cancellation of lease.<br />''<br />''The bench directed the Enforcement Directorate, ED to investigate the alleged money laundering by Amrapali Chairman and Managing Director Anil Sharma and other directors and senior officials of the group.<br />''&nbsp;<br />''Meanwhile, the ED said, it had already filed a criminal case of money laundering against Amrapali Group and its promoters under the Prevention of Money Laundering Act early this month.<br />''<br />'' Officials said, agency's zonal office in Lucknow filed the case after taking cognizance of at least 16 FIRs registered against the group by the Noida Police.&nbsp;<br />''<br />''The embattled Amrapali Group allegedly failed to give possession of flats to over 42,000 home buyers in Noida and Greater Noida.</span><br />''<br />''<br />
News On AIR | July 23, 2019 1:43 PM
Apex Court cancels registration of Amrapali group; NBCC to complete pending projects