In October 2017, the Bank of Baroda filed a plea in the National Company Law Tribunal (NCLT) to recover its ₹97.30 crore, dragging the Amrapali Group to corporate insolvency proceedings.
The NCLT appointed a resolution professional to take control of the realty form.
A group of buyers filed a plea in the Supreme Court in November 2017.
In February 2019, the Supreme Court asked Delhi police to arrest directors of the Amrapali for cheating homebuyers.
Source: Barandbench
