Amrapali case SC to pronounce verdict today

Delhi | Monday | 22nd July, 2019

Summary:

New Delhi: The Supreme Court will pronounce verdict on Tuesday as to who would complete the stalled projects of embattled real estate major Amrapali Group to give respite to over 42,000 hassled home buyers. A bench headed by Justice Arun Mishra will pronounce the verdict in the case. The apex court reserved the verdict in the matter on May 10 after Noida and Greater Noida authorities said they don't have the resources and expertise to construct the stalled projects of Amrapali Group. The bench had then reserved its verdict on the question as to who will take over the management control and which builder or developer should finish the stalled projects of Amrapali. It had conceded that besides issuing repetitive show cause notices to Amrapali Group for defaulting in payments to Noida, they have not done anything..