Supreme Court cancels registration, lease of Amrapali group
New Delhi: The Supreme Court on Tuesday cancelled the registration of the embattled Amrapali group under the Real Estate Regulatory Authority and the lease of its properties granted by Noida and Greater Noida authorities.
A bench of Justices Arun Mishra and U U Lalit appointed the National Buildings Construction Corporation (NBCC) to complete all the pending projects of the Amrapali group.
The bench also appointed senior advocate R Venkataramani as the court receiver in whom the rights of all the Amrapali properties will be vested after the cancellation of lease.
The top court said Venkataramani will have the power to enter into any tri-party agreement for sale of the group's properties to recover the dues.
The bench said the home buyers' money was diverted in violation of the Foreign Exchange Management Act (FEMA) and the foreign direct investment (FDI) norms.
It directed the Enforcement Directorate to investigate the alleged money laundering by Amrapali CMD Anil Sharma and other directors and senior officials of the group.
The court added that Noida and Greater Noida colluded with the realty group in allowing diversion of the home buyers' money and not acting as per the law.
In a relief to home buyers, the court directed Noida and Greater Noida to handover a completion certificate to the flat buyers who are already residing in various projects of the group.
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Air quality worsens in city, AQI settles in 'severe' zone
New Delhi (PTI): Delhi battled toxic fumes on Sunday as the air quality slipped into the 'severe category with a reading of 459, according to the Central Pollution Control Board.
A thick layer of smog blanketed the city overnight, leaving people gasping for air.
As per the CPCB, an Air Quality Index (AQI) between zero and 50 is considered 'good', 51 to 100 'satisfactory', 101 to 200 'moderate', 201 to 300 'poor', 301 to 400 'very poor' and 401 to 500 'severe'.
On the weather front, the minimum temperature settled at 8.2 degrees Celsius, 0.4 notch below the season's average, and the maximum temperature is likely to hover around 24 degrees Celsius.
The relative humidity was 100 per cent at 8.30 am, the IMD said.
In light of the deteriorating air quality in the national capital, the Delhi Directorate of Education on Saturday directed all schools to conduct classes for students up to Class IX and XI in a hybrid mode
The Commission for Air Quality Management (CAQM) has invoked Stage-IV actions under the Graded Response Action Plan (GRAP) with immediate effect to curb further worsening of air pollution levels in Delhi-NCR.
