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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.

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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

Mamata Banerjee expresses grief after 14 killed in Kolkata hotel fire

Prime Minister Narendra Modi expressed anguish, announcing ₹2 lakh from the Prime Minister’s National Relief Fund for each victim’s family and ₹50,000 for the injured.

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A catastrophic fire tore through the Rituraj Hotel, a budget lodging in the crowded Mechuapatti area of Burrabazar, central Kolkata, on Tuesday evening, killing at least 14 people and injuring 13 others, police reported.

The blaze, which erupted around 7:30 p.m., transformed the four-storey building into a death trap, with most victims succumbing to suffocation, while others perished after leaping from upper floors in desperation.

Kolkata Police Commissioner Manoj Verma initially reported 15 fatalities but later revised the toll to 14 after verifying hospital and rescue records. “There was some confusion in early reports, but we’ve confirmed 14 deaths,” Verma told reporters.

Of the deceased, 11 were men, and eight have been identified, including a woman and two children—a boy and a girl. Eyewitnesses recounted scenes of chaos, with flames bursting through windows and dense black smoke clogging corridors, trapping guests who screamed for help or jumped to escape.

The state Fire and Emergency Services Department deployed 10 fire tenders, battling the inferno for nearly 10 hours before containing it by Wednesday morning. A senior officer revealed that the hotel, housing 88 guests across 42 rooms, lacked adequate escape routes, exacerbating the tragedy. “Most victims were overcome by smoke and couldn’t reach safety,” the officer said, noting that a forensic team has cordoned off the site for a detailed probe.

West Bengal Chief Minister Mamata Banerjee, who monitored rescue efforts overnight, confirmed the death toll and ordered a comprehensive investigation, citing combustible materials stored in the building as a key factor in the fire’s rapid spread. “My heart aches for the victims’ families. We’ve lost 14 lives due to suffocation and falls. The state will provide ₹2 lakh to each deceased’s kin and ₹50,000 to the injured,” Banerjee posted on X, praising the fire services, police, and local residents for rescuing 99 people under harrowing conditions.

Prime Minister Narendra Modi expressed anguish, announcing ₹2 lakh from the Prime Minister’s National Relief Fund for each victim’s family and ₹50,000 for the injured. “My condolences to those who lost loved ones. May the injured recover swiftly,” his office stated on X.

The Kolkata Police formed a Special Investigation Team (SIT) to investigate the fire’s cause and scrutinize safety lapses. Fire and Emergency Services Minister Sujit Bose, who initially cited 15 deaths, aligned with the revised toll of 14. Meanwhile, Union Minister and state BJP president Sukanta Majumdar criticized Banerjee for attending a religious event in Digha during the crisis, accusing her of prioritizing “political posturing” over governance. “While citizens burned, the CM remained silent, exposing her administration’s failures,” Majumdar said, urging BJP workers to aid relief efforts.

TMC MP Abhishek Banerjee offered condolences, emphasizing the state’s commitment to relief and rehabilitation. “We stand in solidarity with the affected, and our administration is working tirelessly to support them,” he posted on X.

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Pahalgam attack suspect Hashim Moosa, ex-Pakistan commando, still at large in south Kashmir

Security agencies have launched a full-scale manhunt for Hashim Moosa, a former Pakistani commando turned Lashkar-e-Taiba terrorist, accused of masterminding the deadly Pahalgam attack.

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In the aftermath of the chilling Pahalgam terror attack that claimed the lives of 25 tourists and a local pony ride operator, Indian security agencies have launched an intensified search operation in south Kashmir to track down Hashim Moosa, a suspected key perpetrator of the attack.

Moosa, believed to be hiding in the dense forests of south Kashmir, is said to have previously served as a para-commando in Pakistan’s elite Special Service Group before joining the Lashkar-e-Taiba (LeT). Intelligence agencies have confirmed that Moosa infiltrated into India in 2023 and has since been linked to several deadly assaults in the Valley.

Hashim Moosa: A high-profile fugitive with a violent trail

Officials revealed that Moosa was involved in at least six terror strikes across Jammu and Kashmir. Notably, he played a role in the October 2024 Ganderbal attack, which left seven civilians dead, and an earlier assault in Baramulla that killed four security personnel.

The Pahalgam carnage, which saw unarmed tourists and a Kashmiri pony handler shot dead in cold blood, has been attributed to three main figures: Lashkar-e-Taiba chief Hafeez Saeed and his deputy Saifullah Kasuri—both currently in Pakistan—and Hashim Moosa, who remains at large in Indian territory.

Alongside Moosa, two other operatives—Adil Thoker and Asif Sheikh—have also been named in connection with the Pahalgam tragedy. Authorities have announced a reward of ₹20 lakh for credible information on each of the three, assuring full confidentiality to informants.

Diplomatic fallout deepens between India and Pakistan

The barbaric attack has significantly escalated tensions between India and Pakistan. In response, New Delhi has suspended the Indus Waters Treaty and halted all visa services for Pakistani nationals. Pakistan has countered by warning it may withdraw from all existing bilateral agreements, including the historic Simla Agreement that defines the Line of Control.

Security agencies are prioritizing the capture of Hashim Moosa alive to establish conclusive evidence of Pakistan’s direct involvement in the attack. The high-stakes operation continues in the rugged terrain of south Kashmir, with forces combing forests and intercepting potential escape routes to Pakistan.

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India News

Two key cabinet committees meet over India’s response to Pahalgam attack

India’s key cabinet committees met to discuss a strong response to the Pahalgam terror attack that left 26 tourists dead, as Opposition calls for a special Parliament session.

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Amid escalating tension with Pakistan over a brutal terror attack in Jammu and Kashmir’s Pahalgam that claimed the lives of 26 tourists, two of the Indian government’s most influential cabinet panels convened on Monday to chart a decisive response.

The Cabinet Committee on Security (CCS), led by Prime Minister Narendra Modi, met for the second time following the Pahalgam attack. This was followed by deliberations of the Cabinet Committee on Political Affairs (CCPA), as pressure builds from the Opposition for a special session of Parliament to address the situation.

Key decisions and reactions

While formal details from today’s CCS meeting are yet to emerge, sources indicated that during its earlier session, the CCS had taken strong steps against Pakistan, including the suspension of the Indus Waters Treaty, a key bilateral agreement.

The CCS had earlier issued a stern condemnation of the attack, extending heartfelt condolences to the bereaved families. The intelligence briefing to the committee outlined clear cross-border connections to the attackers, who reportedly aimed to sabotage the peace, electoral process, and developmental progress in the region.

The local population’s response to the attack has also been striking. Protesters in the region decried the violence, seeing it as an assault on the Valley’s fragile economic recovery driven by tourism. Their anger, however, has not deterred all travellers.

Tourists remain defiant

Many tourists who had planned their trips before the attack have chosen not to cancel. While expressing disappointment over the closure of certain sites, several visitors reported feeling secure.

One such tourist, Keval Patel from Ahmedabad, shared his experience, saying, “We were initially hesitant after hearing about the attack. But our family decided to go ahead, and now that we’re here in Pahalgam, it feels safe.”

Political pressure mounts

Following the CCS meet, the CCPA turned its attention to calls from Opposition leaders such as Mallikarjun Kharge and Rahul Gandhi, who have written to Prime Minister Modi urging the government to convene a special parliamentary session. Their stated aim: to present a united political front against terrorism.

PM Modi’s message

According to sources, Prime Minister Modi reiterated India’s determination to strike firmly against terrorism, and voiced complete confidence in the Indian armed forces to uphold national security.

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