Setback for builders in Noida, Greater Noida; SC refuses to recall its Nov 7 order

The bench noted that the undisputed facts which have come on record are that the initiation of proceedings in the first instance in Amrapali case was only confined to consider how to secure the interests of homebuyers of Amrapali Group of companies and at a later stage, interim application was filed by the Ace Group of companies and later few other group of companies also intervened in the proceedings.

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