Posted On by &filed under Top Law News.


NEW DELHI: The Supreme Court, on Tuesday, ordered attachment of some properties of the beleaguered Amrapali group, like  multi-speciality hospital in Greater Noida, three residential towers situated in Sector 62, bank accounts, and a ‘benami’ villa in Goa for not obeying its orders.

The bench of Justices Arun Mishra and UU Lalit said that these properties are being attached as the group has not made investment from its own pocket but diverted money into these properties it received from home buyers. The court made evident its displeasure when told that the group continued to violate orders asking it to provide complete details of investments to the forensic auditors.

The court also asked the Chief Financial Officer Chander Wadhwa to deposit Rs 11.69 crore with its registry within three weeks and asked a statutory auditor Anil Mittal to pay Rs 47 lakh. Justice Lalit told the group’s lawyers, “It (funds) should come back since the money belongs to the buyer. Therefore, all this (properties) have to be sold.” Earlier The court sought the presence of CMD Anil Sharma and two directors Shiv Priya and Ajay Kumar on 19 November.


Leave a Reply

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *