SC Summons Noida, Greater Noida CEOs Over Amrapali Case
Real Estate

SC Summons Noida, Greater Noida CEOs Over Amrapali Case

The Supreme Court of India has summoned the Chief Executive Officers (CEOs) of Noida and Greater Noida authorities for non-compliance in the Amrapali Group case. The apex court's directive comes as part of its ongoing efforts to address the grievances of thousands of homebuyers left in the lurch by the beleaguered real estate developer.

The Amrapali Group, once a prominent name in the real estate sector, has been embroiled in controversy and legal battles for several years. The company failed to deliver numerous housing projects, leaving thousands of homebuyers stranded. The Supreme Court has been actively involved in ensuring that the unfinished projects are completed and the homebuyers receive their due.

In a recent hearing, the Supreme Court expressed its displeasure over the non-compliance by the Noida and Greater Noida authorities in executing its orders. The court emphasized the need for strict adherence to its directives to expedite the completion of the stalled housing projects.

The CEOs of both authorities have been directed to appear before the court and provide explanations for their non-compliance. The court is particularly concerned about the delays in granting necessary permissions and clearances for the ongoing construction work. The bench has made it clear that any further delays or lapses will not be tolerated.

The Supreme Court has previously taken several measures to ensure the completion of Amrapali's pending projects. It appointed the state-run National Buildings Construction Corporation (NBCC) to oversee the construction work. The court has also directed various financial institutions to release funds for the project's completion.

Homebuyers have been eagerly awaiting the resolution of the Amrapali crisis. The Supreme Court's intervention has provided some hope, but the slow pace of progress has been a source of frustration. The latest summons to the CEOs of Noida and Greater Noida underscores the court's commitment to holding officials accountable and ensuring timely delivery of homes.

The court has also sought detailed reports from the authorities on the current status of the projects and the steps being taken to expedite their completion. The next hearing is expected to shed more light on the progress and the way forward.

The Supreme Court's decisive action aims to bring justice to the aggrieved homebuyers and restore their faith in the judicial system. As the legal proceedings continue, all eyes remain on the Noida and Greater Noida authorities to fulfill their obligations and comply with the court's orders.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The Supreme Court of India has summoned the Chief Executive Officers (CEOs) of Noida and Greater Noida authorities for non-compliance in the Amrapali Group case. The apex court's directive comes as part of its ongoing efforts to address the grievances of thousands of homebuyers left in the lurch by the beleaguered real estate developer. The Amrapali Group, once a prominent name in the real estate sector, has been embroiled in controversy and legal battles for several years. The company failed to deliver numerous housing projects, leaving thousands of homebuyers stranded. The Supreme Court has been actively involved in ensuring that the unfinished projects are completed and the homebuyers receive their due. In a recent hearing, the Supreme Court expressed its displeasure over the non-compliance by the Noida and Greater Noida authorities in executing its orders. The court emphasized the need for strict adherence to its directives to expedite the completion of the stalled housing projects. The CEOs of both authorities have been directed to appear before the court and provide explanations for their non-compliance. The court is particularly concerned about the delays in granting necessary permissions and clearances for the ongoing construction work. The bench has made it clear that any further delays or lapses will not be tolerated. The Supreme Court has previously taken several measures to ensure the completion of Amrapali's pending projects. It appointed the state-run National Buildings Construction Corporation (NBCC) to oversee the construction work. The court has also directed various financial institutions to release funds for the project's completion. Homebuyers have been eagerly awaiting the resolution of the Amrapali crisis. The Supreme Court's intervention has provided some hope, but the slow pace of progress has been a source of frustration. The latest summons to the CEOs of Noida and Greater Noida underscores the court's commitment to holding officials accountable and ensuring timely delivery of homes. The court has also sought detailed reports from the authorities on the current status of the projects and the steps being taken to expedite their completion. The next hearing is expected to shed more light on the progress and the way forward. The Supreme Court's decisive action aims to bring justice to the aggrieved homebuyers and restore their faith in the judicial system. As the legal proceedings continue, all eyes remain on the Noida and Greater Noida authorities to fulfill their obligations and comply with the court's orders.

Next Story
Infrastructure Urban

Maha Kumbh to Drive Economic Growth of Rs 2 Trillion: Yogi Adityanath

Uttarakhand Chief Minister Yogi Adityanath announced that the Maha Kumbh, expected to draw 40 crore devotees this year, is projected to contribute Rs 2 trillion to economic growth. Speaking at the "Divine Uttar Pradesh: The Must Visit Sacred Journey" conclave, Adityanath credited Prime Minister Narendra Modi for inspiring pride in India's heritage. Highlighting the event's economic impact, the Chief Minister noted that the 2019 Maha Kumbh had contributed Rs 1.2 trillion to Uttar Pradesh’s economy. He added that in 2024 alone, over 160 million devotees visited Kashi Vishwanath in Varanasi, w..

Next Story
Building Material

Tata Steel Reports 8% Rise in India Sales for Q3 FY25

Tata Steel reported an 8% increase in sales in India for the December 2024 quarter, reaching 5.29 million tonnes (mt), compared to 4.88 mt in the same period last year. The growth was attributed to fresh capacity additions and higher export volumes. Internationally, sales in the Netherlands grew to 1.53 mt from 1.30 mt, while sales in the UK declined to 0.56 mt from 0.64 mt due to operational changes. In Thailand, sales rose to 0.28 mt from 0.25 mt. Production in India increased by 6% to 5.68 mt, supported by new capacity at the Kalinganagar facility, which added 5 million tonnes per annum (..

Next Story
Real Estate

MahaRERA Suspends 1,950 Real Estate Projects for Non-Compliance

To safeguard homebuyers' interests, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 real estate projects statewide after developers failed to respond to notices about status updates. Over 3,499 additional lapsed projects are likely to face similar action, according to a MahaRERA statement on January 9. The regulatory authority has also frozen the bank accounts of these developers. This enforcement follows show-cause notices issued in December 2024 to 10,771 projects, primarily in the Mumbai Metropolitan Region, for failing to comply with man..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000