INSUBCONTINENT EXCLUSIVE:
problems of the Amrapali homebuyers.The authorities told a bench headed by Justice Arun Mishra that they have created the cell to deal with
cases of the homebuyers and officials had been designated especially to take care of the issue.Thereafter, the court directed Noida and
Greater Noida authorities to start registration of flats in favour of Amrapali homebuyers.The court also warned that officers of Noida and
Greater Noida will be sent to jail if there was any delay on their part in handing over possession of flats to buyers.On July 23, the top
court cancelled the real estate company Amrapali Group's Real Estate Regulatory Authority's licence and appointed state-run National
Buildings Construction Corp Ltd (NBCC) to complete all pending projects.The court has observed that the group prima facie committed
violation of the FEMA (Foreign Exchange Management Act) and other fraudulent activities, including money laundering, and recommended a
thorough investigation by the Enforcement Directorate to identify the culprits.Noida and Greater Noida authorities had also been directed to
execute the tripartite agreement within one month concerning the projects where homebuyers are residing and issue completion
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