Rs 150 crore out of Rs 1,500 crore paid for stalled Amrapali housing projects, SC told

Senior advocate and court-appointed receiver R. Venkataramani, in a note, said: "In compliance with the order dated March 28, on March 31 the banks disbursed a sum of Rs 150 crore, though the actual requirement/request by NBCC was for Rs 540 crore. The disbursal of loan was subject to certain pre-condition compliances, as set out in the sanction letter(s) of each bank."

from Banking/Finance-Industry-Economic Times https://ift.tt/wIyGiAr