SC seeks details of Amrapali's co-developer

Image
ANI New Delhi [India]
Last Updated : Apr 25 2018 | 6:45 PM IST

The Supreme Court on Wednesday sought full details of Amrapali builders' co-developer.

Amrapali's Sapphire 1, 2 and Leisure Park are in doldrums as the developer was not interested to complete the projects.

On February 23, Amrapali builders told the apex court that 13 co-developers have come forward and are willing to collaborate with Amrapali's unfinished projects.

While hearing the matter, today the apex court wanted to know which company would be completing Amrapali's Sapphire 1, 2 and Leisure Park projects.

Appearing on the behalf of Amrapali, senior top court lawyer Ranjeet Kumar said that Galaxy has shown a keen interest in some of the Amrapali projects.

The court then asked Amrapali to file a detailed report on Galaxy's balance sheet, its Directors' profiles and the audit report by tomorrow.

The apex court has fixed the matter for further hearing on May 02.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 25 2018 | 6:45 PM IST

Next Story