NEW DELHI: Facing fund crunch for completion of unfinished housing projects of Amrapali Group under its supervision, the Supreme Court on Monday sought response from the RBI to clarify its stand on whether banks could infuse funds in the projects in which more than 46,000 homebuyers have booked their flats.
Though RBI had earlier told the court that banks were free to take a decision on infusing funds in Amrapali projects, the banks had not been forthcoming saying they are to function within the guidelines of the regulator.

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