Amrapali Home Buyers Case: Supreme Court asks govt to give 500 crore loan to complete projects, orders attachment of JP Morgan properties

Amrapali Home Buyers Case: Supreme Court asks govt to give 500 crore loan to complete projects, orders attachment of JP Morgan properties

The Supreme Court yesterday observed that the government should immediately give a Rs 500 crore loan to revive the stalled Amrapali infrastructure projects so that "work may start and then on completion the money is generated and repaid."

A two-judge Bench of Justices Arun Mishra and UU Lalit made this observation while hearing a proposal note by the receiver, Senior Advocate R Venkataramani, in the Amrapali home buyers case.

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