The relief news for Amrapali buyers is that the Supreme Court on Tuesday will decide on who will complete Amrapali’s stalled project. On May 10, the Supreme Court reserved the judgment in the case. On Tuesday, it will be clear who will complete the work of the stalled project and in how many days. Thousands of Amrapali buyers are eyeing this decision.
Senior advocate ML Lahoti, who represented him in the Supreme Court on behalf of Amrapali Buyers, said that the Supreme Court had made it clear during the hearing that Amrapali would now be out of the project and the Supreme Court would decide who should be assigned the project. The Supreme Court had said that after Amrapali’s lease is canceled, the court will decide on who will complete the project. Also, a roadmap can be seen about where the money will come from.
Lahoti said that 49 thousand buyers are very happy that the Supreme Court has thought in this case that Amrapali’s lease should be canceled and the project taken out of his hand. We also say that project work can be given to L&T Company. However, it is up to the Supreme Court to whom the project is given. Whether the project should be completed by private company L&T or take over from someone else or the government is dependent on the decision of the Supreme Court.
Keeping the judgment safe, the Supreme Court had said that Greater Noida and Noida Authority should state that when you gave land in 2009 and 10% payment was made, after that the builder company did not fulfill the lease condition, then why did you cancel it? did not do. Also, explain how you will create the project. The authority’s lawyer had then said that he did not have the capacity to build so many flats. Neither do they have staff nor other resources. The court then said that you can choose L&T for construction. On this, Lahoti said that it would be better to choose L&T as NBCC’s construction charge is high. People’s trust in L&T is also high. Finally, the court said that after the cancellation of the lease, we reserve the decision on who will complete the project.
In a strong remark against the Amrapali group, the court said that you have cheated people to the height of the sky. You have cheated all buyers, banks and authorities. You have committed serious fraud. Whatever powerful people are standing behind you, we will not leave anyone, a criminal case will go against everyone. The authorities and bankers also acted to break the trust of the people and this is why the buyers have traveled.
Significantly, despite thousands of buyers of Amrapali paying for the flat, they have not got the flat. For years, these buyers have been circling for flats. The Supreme Court took a strict stand and ordered the attachment of the assets of the director of Amrapali. Currently, Amrapali’s CMD and others are in jail.
