Union Housing and Urban Affairs Minister Hardeep Singh Puri on Tuesday welcomed the Supreme Court's order cancelling the registration of the Amrapali group, saying "it is working exactly the way we expected it to".
The apex court on Tuesday cancelled the registration of the Amrapali group and appointed the state-run National Buildings Construction Corporation (NBCC) to complete all its pending projects, bringing great relief to thousands of home buyers who had invested their money with it.
Puri said he looks forward to study the apex court's judgement and see how the government can take it forward.
"If the homebuyers have gone to the apex court, we as the government cannot be seen to be intervening, otherwise we would be undermining the process," he said.
"Therefore, I am very happy that it is working exactly the way we expected it to...my preliminary reaction for the record is that I welcome the judgment," Puri told reporters here.
The Supreme Court also cancelled the leases of Amrapali's properties granted by Noida and Greater Noida authorities and directed the Enforcement Directorate (ED) to investigate alleged money laundering by CMD Anil Sharma and other directors and senior officials of the group.
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