English हिन्दी
Connect with us

India News

SC directs banks to restructure Amrapali home buyers’ loans.

The Supreme Court on Wednesday directed banks and financial institutions to restructure the loans given to Amrapali home buyers and release the remaining loan amount to them so that it can be used to complete the construction.

Published

on

Supreme Court

The Supreme Court on Wednesday directed banks and financial institutions to restructure the loans given to Amrapali home buyers and release the remaining loan amount to them so that it can be used to complete the construction.

A division Bench of the Supreme Court comprising of Justice Arun Mishra and Justice UU Lalit directed the Reserve Bank of India to permit banks to release sanctioned loans to home buyers, notwithstanding their account being non-performing asset (NPA).

Regarding FAR, the sale of  balance FAR through the Court Receiver has been allowed, and any increase in FAR, will be decided by the Authorities, namely Noida and Greater Noida.

Justice Arun Mishra in the last hearing had stated that home buyers should not be under the impression that without paying they will enjoy benefits of the property.

The bench has kept the next hearing of the case on Wednesday, June 17, for passing further directions with regard to additional suggestions received from court-appointed receiver and senior advocate R Venkatramani, who is helping with the execution of projects.

Currently, the construction of stalled projects of Amrapali is being handled by National Buildings Construction Corporation (NBCC).

In December last year, the Apex Court wanted to know from the Centre as to how much time it will take to decide on the application for financing Amrapali’s stalled projects from the newly launched Rs 25,000 crore stress fund for the real estate sector.

At the last hearing on June 3, SBICAP Ventures, which manages the government sponsored stress fund for the real estate sector, had told the Supreme Court that it was ready to fund the stalled projects of embattled real estate firm.

The Court in its last hearing had directed a joint meeting to be convened between NBCC Receiver and SBICAP, also asking SBICAP to float a company, which will collaborate with NBCC and undertake construction work, funding being with SBICAP.

The Court had also asked the UCO bank in Delhi to takeover some unsold inventory as security and deposit 2000 crore, and prepare a proposal within 7 days and place it before the court.

The Supreme Court has been monitoring the execution and handover of the stalled Amrapali housing projects ever since an internal audit report, commissioned by the Court, found grave irregularities on part of Amrapali firms and its directors. The receiver was appointed to track the completion of the stalled projects and ensure that they are completely timely and handed over to the home buyers.

Amrapali Group directors Anil Kumar Sharma, Shiv Priya, and Ajay Kumar are behind bars on the Supreme Court’s order.

India News

Security tightened across Delhi metro stations after bomb threat emails

Delhi is on high alert after bomb threat emails targeted metro stations, the Red Fort and the Assembly. Authorities confirmed the threats were hoaxes but tightened security as a precaution.

Published

on

Delhi Metro

Security has been intensified across all metro stations and major installations in the national capital after a series of bomb threat emails were received on Monday. Authorities later confirmed that the threats were hoaxes following detailed inspections by security agencies.

According to officials, several key institutions — including the Delhi Secretariat, Delhi Assembly, the Red Fort and two schools — received threatening emails earlier in the day. Extensive searches were carried out at all the locations mentioned in the messages, but nothing suspicious was found.

A senior police officer said cyber teams are working to trace the origin of the emails. Preliminary findings suggest that the senders may have used Virtual Private Networks (VPNs) in an attempt to conceal their identities and mislead investigators. Officials expressed confidence that those responsible would be identified.

Metro stations under heightened surveillance

Following specific references to metro services in the emails, security arrangements were strengthened across the entire network of the Delhi Metro Rail Corporation. Additional personnel have been deployed at stations, and anti-sabotage checks are being conducted.

Police said random frisking of passengers and intensified CCTV surveillance are being carried out as part of precautionary measures. Bomb disposal squads and dog squads were stationed at sensitive sites, including the Red Fort, Delhi Secretariat and the Assembly complex.

The threatening emails reportedly included the slogan “Delhi banega Khalistan” and warned of explosions at an Army school, the Assembly and the Red Fort at specific times during the day. Officials stated that all mentioned locations were thoroughly checked and declared safe.

Authorities also coordinated with counterparts in neighbouring states to enhance security at metro stations falling under their jurisdictions.

While no explosives were found, officials said the tightened security arrangements will remain in place as a precaution. Cyber teams continue efforts to trace the IP addresses and identify those behind the threat emails.

Continue Reading

India News

JNU protest turns violent as Left and Right student groups trade charges

A late-night protest at JNU turned violent as Left and ABVP student groups accused each other of stone-throwing and attacks near the East Gate.

Published

on

JNU Protest

Tension gripped the campus of Jawaharlal Nehru University in the early hours of Monday after a protest march allegedly spiralled into violence, with rival student groups accusing each other of triggering the unrest.

Students claimed that the incident occurred around 1.30 am when a confrontation broke out during a march called by the Jawaharlal Nehru University Students’ Union. The protest, named “Samta Juloos”, was headed towards the East Gate and was organised to demand the resignation of Vice-Chancellor Santishree Dhulipudi Pandit and the withdrawal of a rustication order.

According to protesters, several students were injured after alleged stone-throwing during the clash. They alleged that the university administration did not intervene during the march and instead permitted members of the Akhil Bharatiya Vidyarthi Parishad to confront demonstrators.

However, the ABVP denied the allegations and countered that Left-affiliated organisations instigated the confrontation and were spreading misinformation about the events.

Left-backed groups, including the All India Students’ Association, claimed that ABVP activists targeted the JNUSU encampment and hurled stones at “unarmed students”, leading to multiple injuries.

Videos shared by students on social media reportedly showed chaotic scenes near the protest site, with members of rival groups engaged in heated exchanges and physical scuffles.

University authorities did not immediately respond to queries regarding the incident. Students said the situation on campus remained tense following the overnight clashes.

Continue Reading

India News

World praised India’s AI potential at AI Impact Summit, says PM Modi

PM Modi said the world praised India’s AI potential at the AI Impact Summit 2026, where 89 countries endorsed the New Delhi Declaration on artificial intelligence.

Published

on

pm modi speech

Prime Minister Narendra Modi on Monday said that the world wholeheartedly praised India’s potential during the recently concluded AI Impact Summit 2026 in New Delhi, highlighting the growing global confidence in the country’s young technology talent.

In a post on X, the Prime Minister said the summit demonstrated how the mindset of India’s youth in the field of technology would serve humanity at large. He described the event as historic and underlined the positive global response to India’s AI capabilities.

The AI Impact Summit 2026, organised in New Delhi last week, concluded with the adoption of the New Delhi Declaration on AI Impact. The declaration has been endorsed by 89 countries and international organisations, signalling broad global agreement on promoting artificial intelligence for economic growth and social welfare.

Broad global participation

The summit saw the participation of several prominent world leaders and top technology executives. Among those present were UN Secretary-General Antonio Guterres, French President Emmanuel Macron, Brazilian President Luiz Inacio Lula da Silva, and Swiss President Guy Parmelin.

Other leaders attending the summit included Sri Lanka President Anura Kumara Dissanayake, Bhutan Prime Minister Tshering Tobgay, Mauritius Prime Minister Navinchandra Ramgoolam, Croatia Prime Minister Andrej Plenkovic, Serbia President Aleksandar Vucic, Seychelles Vice President Sebastien Pillay, Estonia President Alar Karis, and Finland Prime Minister Petteri Orpo.

Chief executives and senior leaders from major global technology firms were also part of the gathering.

Focus on inclusive AI growth

Held under the theme ‘Sarvajan Hitay, Sarvajan Sukhay’ (welfare for all, happiness of all), the summit aimed to position India as a global leader in artificial intelligence while ensuring that AI development remains inclusive and sustainable.

The event brought together more than 500 international AI leaders. This included around 100 CEOs and founders, 150 academicians and researchers, and 400 CTOs, vice presidents and philanthropists. Additionally, over 100 government representatives and nearly 60 ministers and vice ministers participated in discussions.

The New Delhi Declaration seeks to strengthen international cooperation and ensure that AI technologies contribute to economic progress, social good and environmental protection.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com