Latest news with #Amrapali
Time of India
2 days ago
- Business
- Time of India
Supertech homebuyers seek CJI, PM intervention to let NBCC complete projects
Homebuyers of 16 stalled housing projects by Supertech have written to Chief Justice of India B R Gavai and Prime Minister Narendra Modi, seeking their intervention to hand over these projects to state-owned NBCC instead of NCR-based Apex Group. The homebuyers called for vacating a stay imposed by the top court on a National Company Law Appellate Tribunal (NCLAT) order in December 2024, directing that all these projects be entrusted to NBCC (India) Ltd for time-bound completion. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Digital Marketing MBA Cybersecurity Project Management healthcare Healthcare CXO Data Science Product Management Public Policy others Design Thinking Degree Finance PGDM Data Science Technology MCA Others Artificial Intelligence Data Analytics Management Leadership Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details The stay was based on a proposal Apex Group submitted to the Supreme Court to revive the projects. 'After enduring over a decade of financial loss, mental trauma, and shattered dreams, we now face the imminent threat of being handed over once again to a private entity — Apex Heights Pvt Ltd — whose proposal and compliance affidavit submitted to the SC is fundamentally flawed, financially unviable, ethically questionable, and devastating for homebuyers,' they said in the letter. The 16 stuck projects of Supertech comprise 50,962 homes, of which 39,870 are sold and 11,092 remain unsold. Of the sold homes, 24,871 have been handed over to buyers, while 14,999 are yet to be delivered. Live Events An investment of Rs 1,700 crore is required to complete the sold homes, while receivables from these units are estimated at Rs 2,200 crore. 'NBCC has delivered large-scale, complex stalled housing projects such as Amrapali. It has the technical expertise, government backing, operational credibility, and most importantly — the trust of homebuyers,' said Mujeebur Rahman, a homebuyer. The buyers have also demanded the disqualification of Apex from the resolution process and the complete removal of Supertech promoters from it. 'We have requested the Supreme Court that no further interlocutory applications (IA) be entertained at this advanced stage of the proceedings. It has already been 15 long years, and more than 50,000 homebuyers are still waiting for their homes, having suffered immense financial and mental distress,' Rahman said. Homebuyers have alleged that Supertech is attempting to block NBCC's onboarding by pushing the Apex proposal. Supertech, however, said once the Supreme Court approves the resolution plan submitted by Apex Heights, it will pave the way for all stakeholders to complete the 16 projects, with deliveries to homebuyers starting within three months and being completed in the next 24 months, in addition to repayment to financial institutions and land authorities as agreed in the plan. 'Since the de-linking of the Doon Square Project in reverse insolvency, the handover of units has been done by Ametek, the codeveloper in the project, well before the time stipulated. NCLAT had directed delivery in 12 months, whereas 100% handover of units to homebuyers has been successfully completed in nine months,' Supertech said in a statement. Apex Group has agreed to clear Rs 678 crore of dues to five banks and around Rs 1,900 crore to Noida, Greater Noida, and Yamuna authorities. In the initial phase, the company has committed to invest Rs 500 crore, with plans to deliver the flats within two years of taking over. Economic Times WhatsApp channel )
Arab Times
19-07-2025
- Business
- Arab Times
Bangladeshi ‘fruits festival' held in Kuwait
KUWAIT CITY, July 19: Fruits are imported to Kuwait from different parts of the world. This time, the juicy fruits of Bengal, including mango, jackfruit, pineapple, guava, amra, papaya, latkan, litchi, dragon fruit and various other fruits, have been added to that list. A special 'fruit festival' was held in Kuwait with the seasonal fruits of Bangladesh's honey month. This exceptional fruit festival was jointly organized by the Bangladesh Cricket Association, Kuwait and the Bangladesh Press Club Kuwait. The fruit festival held on Friday night was presided over by the President of Bangladesh Cricket Association Kuwait, Jahangir Khan Palash. The chief guest was the Head of Shuwaikh Municipality, Khaled Sultan Al Uchaimi. The special guests were the President of Bangladesh Press Club Kuwait, Senior Journalist Moin Uddin Sarkar Sumon, Senior Vice President of Cricket Association, Sarowardi, Engineer Atiqur Rahman, Engineer Zulfikar Pathik. The overall supervision of the fruit festival was provided by the General Secretary of the Cricket Association, Moazzem Hossain, Ismail Hossain, and Organizing Secretary Anwar Kalam. For the first time, the guests at the Bangladesh Fruit Festival tasted the juicy fruits of Bangladesh. The guests were full of praise for the best Amrapali mango of Bangladesh. Khaled Sultan Al Uchaimi said, 'This is the first time I am eating the national fruit of Bangladesh, jackfruit, in Kuwait. And the mango is, in a word, amazing! 100% pure, full of flavor. If these fruits are imported to Kuwait all the time, I am sure everyone will love them and want more. Imports 'If the governments of Bangladesh and Kuwait come together and make arrangements to officially import fruits and serve these fruits in big markets, then if someone eats them once, they will want to eat them again and again. Bangladeshi fruits are truly world-class. If Kuwait-Bangladesh advance in agricultural trade, the people of both countries will benefit'. Senior journalist Moin Uddin Sarkar Sumon, president of Bangladesh Press Club Kuwait, spoke to Bangladeshi fruit importers in Kuwait. Moin Uddin Sarkar Sumon said that after talking to importers, he learned that many businessmen have improved the quality of packaging on their own initiative. Due to the low airfares of different airlines, the price of the products fluctuates a lot. If high-level officials of the two countries pay attention to the issue, it is possible to improve a lot. Expatriate Bangladeshis are happy to come to the seasonal fruit festival in the desert country, they say that such an event should be held every year, and on a large scale. The organizers say that their aim is not only to display the fruits, but also to showcase Bangladeshi agricultural products in the international market. If there is a regular supply in a market like Kuwait, this will be a huge opportunity for farmers. If these fruits of Bangladesh are regularly available in the Kuwaiti market, the demand will increase manifold. Those concerned believe that this will not only be a sweet example of trade, but also of friendship between the people of the two countries.
Time of India
18-07-2025
- Business
- Time of India
3rd gen takes legacy of agri innovation ahead
Lucknow: Amit Verma , a third-generation farmer from Lakhimpur Kheri who continues the family legacy of agricultural innovation, has been scripting a success story with his 18-acre farm having over 1000 varieties of mangoes, as well as other fruits and trees. Amit's story of three-generational farming, which emphasizes profitable agricultural practices, was recently presented at an event. A post-graduate, Amit manages the family's farm which includes over 1,000 varieties of mangoes and other fruits. Recent additions include 500 Amrapali mango saplings, planted under the Yogi govt's high-density horticulture scheme. He supports the state govt's agricultural initiatives, specifically the subsidized on-grid connected agricultural pump solarization scheme and drip irrigation system. His grandfather, Shyam Lal Verma, received recognition from India's first President, Rajendra Prasad, for his work in traditional agriculture. Shyam Lal later shifted his focus to horticulture. His son, Suresh Chandra Verma, despite having a law degree, chose farming and was recognized as Lakhimpur Kheri's 'best horticulturist' in 2005 for his contribution to agricultural diversification.
Time of India
16-07-2025
- Business
- Time of India
26k flats in stalled Amrapali projects ready, 8k by Sept
Noida: Marred by delays over GRAP restrictions and fund crisis, National Buildings Construction Corporation (NBCC) will complete the construction of 8,000 flats in the stalled projects of Amrapali Group by Sept 2025, six months after its initial deadline of March. Of the 37,000 stalled units that govt-run construction company was tasked to complete under Supreme Court-appointed court receiver, 26,800 flats have been constructed so far. The last of the stalled projects, Adarsh Awas Yojna, is expected to be ready by March 2026. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida So far, around 13,300 buyers have got possession of their homes. NBCC officials said once units are ready, they notify the court receiver, which verifies documents before issuing no-objection certificates (NOCs) to homebuyers. NBCC CMD KP Mahadevaswamy told TOI that although the projects were initially planned for completion by March 2025, construction-related restrictions under the Graded Response Action Plan (GRAP) and delays in approvals for additional floor area ration (FAR) led to a funding crunch. "As a result, the first phase will now conclude by Sept 2025, except for Adarsh Awas Yojna, which has close to 2,000 flats and will be completed by March 2026," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experience the thrill on every turn with the new SP125 Honda Learn More Undo NBCC has collected around Rs 2,600 crore from buyers, with Rs 500 crore still pending from about 3,900 units. Currently, work is underway in two phases of Verona Heights and Dream Valley Phase 2, and some other projects. Launched in 2010, Amrapali projects faced severe delays, prompting homebuyers to approach the National Consumer Forum and later the Supreme Court in 2017. Following an SC-ordered forensic audit submitted in March 2019, which revealed gross fund mismanagement, the court appointed a receiver and designated NBCC as the project management consultant in July 2019. Initially, NBCC struggled with funding but later secured Rs 650 crore from SBI CAP for six projects and a Rs 1,500 crore loan from a consortium of banks. It also collected Rs 2,200 crore from homebuyers and recovered around Rs 2,000 crore by selling Amrapali promoters' assets to keep the construction moving. NBCC has also infused over Rs 650 crore from its own funds.
Time of India
10-07-2025
- Entertainment
- Time of India
Delhi HC bars Kuku FM from streaming disputed shows in Pocket FM copyright case
The Delhi High Court has barred Kuku FM from releasing new episodes of five series allegedly infringing Pocket FM 's content until the next hearing. The court has also directed Kuku FM to provide full details of the disputed shows. The matter has been adjourned to 29 August. Pocket FM has filed a civil suit against Mebigo Labs , the parent company of Kuku FM, alleging repeated infringement of its intellectual property. The allegations include copyright infringement, passing off of trademarks, unfair trade practices, tortious interference, and inducement to breach contracts. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Senior Living Homes in Sakoli May Surprise You Senior Living | Search Ads Undo The company is seeking damages of Rs 85.7 crore and has requested the appointment of a local commissioner to preserve evidence and investigate the alleged violations. Pocket FM has claimed that Kuku FM has systematically copied its shows over the past four years, despite prior legal actions. It has highlighted alleged infringement of five audio series, Super Yoddha , Insta Empire , Amrapali, Vashikaran, and The Immortal Warrior. Live Events It has also accused Kuku FM of using similar show titles, episode names, and, in one instance, an identical poster for Shoorveer, allegedly designed to mislead listeners and capitalise on Pocket FM's brand reputation. Senior advocate Amit Sibal, appearing for Pocket FM along with law firm Shardul Amarchand Mangaldas, argued that Kuku FM has engaged in 'wholesale infringement' by replicating core creative elements such as themes, characters, and story arcs. In May 2025, Pocket FM filed a separate case in the Delhi High Court against Kuku FM for allegedly pirating its show Insta Millionaire. Sibal told the court that in that case, which resulted in an injunction order on 30 May, Kuku FM had 'bodily lifted' the show. The copying was so blatant, he said, that episodes on Kuku FM's platform ended with the line: 'aage ki kahani jaane ke liye, log in kariye Pocket FM par' (to know the rest of the story, log in to Pocket FM). Calling Kuku FM a 'habitual infringer,' Sibal emphasised the repeated and deliberate nature of the alleged conduct, describing it as 'systematised and extensive'. Pocket FM is seeking a permanent injunction to restrain Kuku FM from using its content, destruction of the infringing material, and an award of damages and legal costs. Pocket FM and Kuku FM are Indian audio streaming platforms that offer spoken-word content such as audiobooks, audio series, and podcasts in multiple Indian languages. Both target regional-language listeners across India and compete in the growing audio content market.
