SC orders auction of Amrapali Group properties to generate money for unfinished projects


NEW DELHI: In a significant development, the Supreme Court on Thursday called for auctioning the properties of the real estate firm Amrapali Group in order to generate money for the completion of its various unfinished projects.

In its order, the Supreme Court said, ”Initially Amrapali’s 16 properties in India, including commercials, would be auctioned and later personal properties of company’s promoters and directors will be auctioned or sold to generate money for completion of its unfinished projects.”