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Supreme Court appoints NBCC to construct stalled projects of Amrapali Group, DRT to sell its properties
The Supreme Court Wednesday appointed state-run NBCC to develop the stalled projects of the Amrapali Group and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the real estate firm. NBCC is appointed to develop the projects and preparation of Detail Projects Report (DPR). It granted liberty to the Amrapali Group to hold talks with banks, HUDCO and other financial institutions for financing the construction of its stalled projects.
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