A bench of Justices UU Lalit and Bela M Trivedi took note of the submission of advocate Alok Kumar, appearing for the consortium of banks, that Rs 280 crore will be released to ASPIRE, from where it will be used for funding of the incomplete projects, , Amrapali Projects, supreme court
Seven banks to disburse Rs 1,500 crore for completion of stalled projects of Amrapali - NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of ASPIRE and the supervision of the SC.
On March 28, the Supreme Court directed the Bank of Baroda-led consortium of seven banks to effectuate disbursal of Rs 1,500 crore by Tuesday for the construction of stalled real estate projects of Amrapali Group.