Amrapali के 16 प्राजेक्ट्स को NBCC शुरू करेंगीं । Supreme Court Updates 02/August/2018

NEW DELHI: The Supreme Court today said diversion of funds collected from investors by real estate developers was a "malady" and it wants to stop this "nonsense" once and for all. The apex court observed that if builders were diverting money invested by a person in a particular housing or commercial project to complete other projects, it, prima facie, amounted to misappropriation and criminal breach of trust. A bench comprising justices Arun Mishra and U U Lalit observed this while it was hearing a matter related to embattled real estate major Amrapali Group.