The court listed the matter for further hearing on March 24.
Real estate developers are definitely to be blamed for poor construction quality, but the onus also falls on these authorities.
The police had filed another FIR against realty firm Chintels India and its construction contractors
The development came after residents of several housing societies held a meeting demanding action against the developer and authorities.
The FIR was registered on the recommendation of the CM flying squad.
No construction is being undertaken by the NBCC as of now.
The account had turned a non-performing asset in 2015 with Rs 80 crore outstanding.
The ED team also seized several incriminating documents and digital evidences during the search.
The immovable properties attached include over 30 apartments and 25 shops.
The court had allowed the NBCC to issue advertisement for the unsold flats of two Amrapali Projects.
The notices were served to 450 farm house owners as per the October 23, 2018 direction of National Green Tribunal (NGT).
The petitioner told the court that these tenants have lost their livelihood and savings due to lockdown.
The industry appreciates the positive approach of the West Bengal government, particularly WBHIRA for such pro- active steps.
The top court said that constructions have not been completed due to various reasons including due to diversion of funds.
On March 27, RBI had issued slew of measures to check financial impact of the nationwide lockdown.
Court fee would be deposited online through Bharat Kosh
A senior official of ED had said that it will soon initiate proceedings under PMLA against both J.P. Morgan and Amrapali Group.
The project will not require an extension if the CC/OC of the project has already been obtained
The RBI cut interest rates by a sharper-than-expected 75 basis points in late March.
Puri pointed out the construction activities had come to a standstill because of the lockdown.
