NBCC Defends Bulk Sale of Amrapali Flats to Raise Funds

Imagine a big building project with many apartments, but the company ran out of money.

To finish building, the company, NBCC, decided to sell some new apartments in bulk to other companies.

Some people who had already bought apartments got upset because they were told they hadn't paid on time.

The company said they tried selling apartments individually but it did not work.

Now they have to sell a bunch of apartments to other companies to have the money to finish building the apartments.

Some people who had already paid say it's not fair because their apartments were taken away.

The company says it's the only way to finish the apartments and it is all overseen by the court to make sure everything is fair.

The other companies will sell the apartments to new people, but the original company, NBCC, is still in charge of building them.