The Supreme Court did not allow Jaiprakash Associates Limited (JL) to deposit only 400 crore rupees, instead of 2000 crores, to JP Group’s company. The court rejected the company’s demand and said that it would be able to submit a large amount to prove its right. On the other hand, in the case of bankruptcy proceedings against Amrapali, about 2000 flat buyers from the city of Silicon City and reached the Supreme Court. While issuing notice to the Amrapali with the Center and the state government on the petitioners’s petition, the court has ordered the case to be attached to the main case. Among those who reached the Supreme Court on Monday include the Silicon City Social Welfare Association. 1100 flat buyers are its members. Both the cases were on Monday hearing before the bench of Chief Justice Deepak Mishra. Earlier, JP’s case came up for hearing in which the court had ordered to deposit 2000 crores in the registry till November 5. On Monday, the lawyer present on behalf of the company expressed its inability to deposit 2000 million and said that it would be allowed to deposit Rs 400 crore by Friday. The Chief Justice said that this amount is very little. The company should submit a good amount of money to prove its right. They should collect money like they want, but they should deposit a fine amount like Rs 1,000 crore.
Along with this, the court deferred the trial till November 13. It is known that the bankruptcy process is pending in the NCLT against JP Infra, against whom the flat buyers have taken refuge in the Supreme Court for relief. Shortly after, Amrapali flat buyers’ petition came on the hearing. Prosecutor Prashant Bhushan, appearing for flat buyers, said in the court that more than 2000 people have come to court in this petition. This includes the Association of Flat Buyers. After hearing the arguments, the Chief Justice’s bench issued notice to Amrapali Silicon City Company and others, created by the Center and the State Government and the party and ordered the case to be heard along with the main case for hearing.
Association secretary Rakesh Kumar Singh, who filed the petition on behalf of Amrapali buyers, said that there are 2464 flats in Face One. The builder had given possession of the flat by taking money from them for avoiding the delay, and at this time around 1600 families have been staying there, but legally they have nothing. Their flats are neither OC nor their flats have been registered. There are also basic amenities. Bank of Baroda has initiated a bankruptcy process in NCCLT against Amrapali chief company Ultra Home, and their flats have also come under threat. They have come to court to secure their interest in this process.