NBCC may take up projects of Amrapali group

NBCC may take up projects of Amrapali group

The National Buildings Construction Corporation (NBCC), the PSU real estate and project management consultancy company, has told the Supreme Court that it was ready to undertake the projects of embattled realtor Amrapali group of companies. A bench of justices Arun Mishra and U U Lalit asked the NBCC to place a concrete proposal before it within 30 days on how they could complete the projects of the Amrapali group.

The court also recalled its earlier order directing the group to deposit Rs 250 crore, while noting that its direction was yet to be complied with. The bench also took note of the alleged diversion of Rs 2,765 crore by the Amrapali group and asked the auditor to submit a report on this. The apex court directed its registry to intimate the banks about its order, freezing all the bank accounts of the Amrapali group of companies.

The SC had earlier directed the Amrapali group, which was yet to hand over possession of flats to around 42,000 hassled home buyers, to place before it the details of all of its bank accounts from 2008 till today and ordered freezing of bank accounts of all the directors of its 40 firms, besides attaching their personal properties.

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