Amrapali Bankrupt Case

Attorney General, who is court receiver for the Amrapali projects, told Supreme Court he is facing resistance from Noida authorities in generating funds

A bench of Justices Arun Mishra and U U Lalit, however, restrained the NCLT from proceeding ahead in the matter without any express direction from the court.

The Supreme Court today said it would like to be assured of the financial standing and credentials of a company which is willing to take over some of the projects of embattled Amrapali Group, observing that the home buyers "cannot be just thrown to a frying pan".

Attorney General, who is court receiver for the Amrapali projects, told Supreme Court he is facing resistance from Noida authorities in generating funds

A bench of Justices Arun Mishra and U U Lalit, however, restrained the NCLT from proceeding ahead in the matter without any express direction from the court.

The Supreme Court today said it would like to be assured of the financial standing and credentials of a company which is willing to take over some of the projects of embattled Amrapali Group, observing that the home buyers "cannot be just thrown to a frying pan".