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SC orders cancellation of Amrapali group’s registration, tells NBCC to complete its projects

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SC orders cancellation of Amrapali group’s registration, tells NBCC to complete its projects

[vc_row][vc_column][vc_column_text]In a major relief for over 40,000 home buyers who had put in their money in Amrapali group’s projects, the Supreme Court today (Tuesday, July 23) ordered the cancellation of the registration of Amrapali group of companies and directed the National Buildings and Construction Corporation (NBCC) to complete unfinished housing projects of the group.

The top court bench of Justices Arun Mishra and UU Lalit also further directed the Enforcement Directorate (ED) to investigate the group under the money laundering law for allegedly diverting homebuyers’ hard-earned money, media reports said.

Noting that homebuyers across the country are facing similar problems, the apex court asked the Centre and state governments to step in to protect the interests of homebuyers against real estate companies, reported The Times of India (TOI).

The bench pulled up lender banks and Noida authorities for breach of public trust for not acting in time while the homebuyers’ money was wiped out through illegal activities of the group.

It said that banks and authorities violated the doctrine of public trust by closing their eyes towards illegal activities of Amrapali group and their officials.

The court made it clear no other party can claim stake in housing projects of Amrapali as they belong to homebuyers and banks and Noida authorities can recover their money after the group’s other properties are sold through auction, the TOI reported.

In February, the court had given a green signal to arrest the directors of the group on the basis of allegations of diverting funds collected from homebuyers to other companies.

The order had then come on the basis of an application filed by the Deputy Commissioner of Police, Economic Offences Wing, Delhi Police, for their arrest and custody.

The court had directed the police to investigate the “entire gamut of the scenario of the various projects, as projected in this case and various orders passed and investigate the entire matter”. 

The court had held that it prima facie found that the case required serious investigation in the facts projected by the directors, the CFO and the statutory auditors.

Also Read: NRC: Supreme Court extends deadline to Aug 31, rejects govt plea for sample re-verification

During the hearings, the court observed that the group had committed “serious fraud” by diverting homebuyers’ money from one company to another.[/vc_column_text][/vc_column][/vc_row]

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Prime Minister Narendra Modi is crorepati, PMO says in its report

The Prime Minister’s Office declared that PM Narendra Modi has a deposit (Bank FDR and MOD) of Rs 2,10,33,226 in the State Bank of India of Gandhinagar, Gujrat. He also has a Bank Balance of Rs 46,555 in the same branch of the SBI.

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PM Modi

Publishing a report titled ‘Assets and Liabilities of the Union Council of Minister as of March 03, 2022’, the Prime Minister’s Office declared that PM Narendra Modi has a deposit (Bank FDR and MOD) of Rs 2,10,33,226 in the State Bank of India of Gandhinagar, Gujrat. He also has a Bank Balance of Rs 46,555 in the same branch of the SBI.  The total movable property was increased by 26.13 lakh during 2021-22.

According to the report, PM Modi’s movable assets increased from Rs 1,97,68,885 at the end of March 2021 to Rs 2,23,82,504. However, he has not invested in Bonds, debentures/ shares, and units in companies/Mutual funds and others and the amount.

Reports said that the Prime Minister invested 1,89,305 in life insurance policies and 9,05,105 in National Savings Certificates (Post).  It writes ‘NIL’ in personal loans/advances given t any person or entity, including firm, Company, Trust, etc., and ( other receivables from debtor and the amount) column.

According to the report, PM Modi does not have any immovable property. Immovable property Survey No. 401/A was jointly held with three other joint owners and each having an equal share of 25%, is no more owned by the PM and has been donated.

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Nitish Kumar stakes claim to form new Mahagathbandhan government in Bihar

Earlier in the day, he resigned from his post and announced breaking off the alliance with the BJP.

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Nitish Kumar

Janata Dal United (JDU) leader Nitish Kumar and Rashtriya Janata Dal (RJD) leader Tejashwi Yadav today met Bihar Governor Phagu Chauhan to stake claim to form a new Mahagathbandhan government in Bihar.  

Earlier in the day, he resigned from his post and announced breaking off the alliance with the BJP.

Nitish Kumar today met with his MLAs and MPs before the final decision on the new alliance with Rashtriya Janata Dal (RJD), the Congress and the Left-front. 

He said that he has resigned from the post. All MPs and MLAs reached a consensus that they should leave the NDA.

Read Also: Bihar BJP accuses Nitish Kumar of betraying Bihar people

Hindustan Awami Morcha chief Jitan Ram Manjhi has extended his support to Nitish Kumar and the Mahagathbandhan. But Lok Janshakti Party (LJP) will continue with the NDA.

LJP chief Chirag Paswan today questioned the credibility of Nitish Kumar. He demanded president rule in Bihar.

Bihar BJP chief Sanjay Jaiswal accused that Nitish Kumar has betrayed the people of Bihar. He said that they fought 2020 assembly elections together under the National Democratic Alliance (NDA), and the mandate was for the JDU and BJP. BJP won more seats despite that, Nitish Kumar was made the Chief Minister of Bihar.

Union Minister and Senior BJP leader RK Singh has also condemned Nitish Kumar’s resignation as Chief Minister of Bihar. He said that 15 years of Rashtriya Janata Dal (RJD) government took the state backwards. Nitish Kumar also said this multiple times. How will he justify going into an alliance with RJD? He said that they were corrupt.

Bihar Chief Minister Nitish Kumar resigns

Nitish Kumar decides to break alliance with BJP

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Bihar BJP accuses Nitish Kumar of betraying Bihar people

Sanjay Jaiswal said that they fought 2020 assembly elections together under National Democratic Alliance (NDA), and the mandate was for the JDU and BJP. BJP won more seats despite that Nitish Kumar was made the Chief Minister of Bihar.

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Bihar BJP

Bihar BJP chief Sanjay Jaiswal today accused Bihar Chief Minister Nitish Kumar of betraying the people of Bihar. He said that they fought 2020 assembly elections together under the National Democratic Alliance (NDA), and the mandate was for the JDU and BJP. BJP won more seats despite that, Nitish Kumar was made the Chief Minister of Bihar.

Union Minister and Senior BJP leader RK Singh has also condemned Nitish Kumar’s resignation as Chief Minister of Bihar. He said that 15 years of Rashtriya Janata Dal (RJD) government took the state backwards. Nitish Kumar also said this multiple times. How will he justify going into an alliance with RJD? He said that they were corrupt.

Read Also: Bihar Chief Minister Nitish Kumar resigns

He accused that all of this was just a politics for power.  There was no morality, and he should be ashamed for that.

Denying the BJP’s involvement in weakening the JDU, BJP National Spokesperson Shahnawaj Hussain said that they strengthened their own party, but they didn’t weaken any other party. They have worked honestly for the business and employment of the people of Bihar.

Accusing the BJP of breaking his party, JDU National President Lalan Singh on Monday said that he will expose them at an appropriate time. However, he didn’t mention the name of the BJP.   

He made it clear that JDU was not a sinking ship, it was a sailing ship. Some people (without naming RCP sing or BJP) were trying to damage it and took steps to mend it.

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