The special Supreme Court bench has heard the matter and refused to recall 2019, orders or to revisit the issue of whether the Company i.e. “La Residentia” could be declared to be the part of the Amrapali Group of Companies.
The Supreme Court today has directed Banks and financial institutions to restructure the loans given to Amrapali homebuyers and release the rest of the amount which has not been released so far. The amount so released would be used to complete the construction.
A single-judge bench of Calcutta High Court while hearing a petition filed by Soumitra Kanti Dey directed real estate group Emaar India Limited to pay a penalty of Rs 40 crore and plant 100 trees for illegally cutting down 62 trees.