According to the FIR and highly-placed sources in the EOW, Amrapali Group bosses 'spun attractive dreams to lure customers and their money, making skilful use of Dhoni for this purpose.'
The top court said that the funds collected through the auction of properties will help in speedy completion of stalled projects and bringing back the confidence of homebuyers.
The spectre represents an economic and systemic risk—the buyer without an asset and the builder with an unfinished project.
The National Building and Construction Corporation seems to be confident in executing the Amrapali projects on time.
The SC came down heavily on banks, Noida and Greater Noida authorities for the Amrapali mess, saying they had violated the doctrine of public trust by permitting diversion of homebuyers’ funds.
Developers have started approaching UP RERA authorities as well as home buyers as they are coming up with fresh timelines for completion of pending projects.
The Confederation of All India Traders said that it has demanded action against former Indian cricket team captain Dhoni for his endorsement, advertisements promoting Amrapali Group.
Manohar's name features on the list of third parties who received money from the corpus of Rs 8.71 crore which Sharma had at its disposal.
The Supreme Court on Tuesday in a landmark judgment gave much needed relief to homebuyers in the Amrapali Group projects.
The top court made the observations in its judgement on Tuesday. It cancelled the construction company’s registration.
An ED official on Tuesday said the agency registered a case of money laundering on July 1 on the basis of 16 FIRs filed by the Noida Police.
The court also directed Enforcement Directorate to register money laundering case against group CMD and others.