For the Amrapali Group, there are so many troubles. Supreme Court screws on the directors of real estate firm Amrapali GroupThe Supreme Court has stayed the decision on leaving the country giving a big decision on Friday. Chief Justice Deepak Mishra has sent a notice to the company, which will be given to the Amrapali Group within two weeks. The Supreme Court has given this order on the petition of 55 flat buyers of Amrapali Silicon City.
In the petition, flat buyers have appealed to the Supreme Court to ban the company from declaring bankruptcy. Please inform that before this, the application for declaration of bankruptcies against Ultra Holmes of this group company had been approved. Justice AM Khanvilkar and DC Chandrachud’s Bench have appointed senior advocate Shekhar Naphade as Amicus Curie for the case of flat buyers.
It is notable that the Noida Authority has claimed in NCLT for Rs 650 crore against Amrapali Silicon City in Sector-76, Noida. On Tuesday, the decision was taken by the authority on the writ of Bank of Baroda after the process of declaring Amrapali Silicon City to be bankrupt from NCLT.