Supreme Court orders sealing of 9 properties of Amrapali Group

In a recent development, the Supreme Court on Wednesday has ordered the sealing of nine properties where the documents related to 46 group companies of the Amrapali Group are kept. Promoters Shiv Priya, Anil Kumar Sharma and Ajay Kumar have later moved the court seeking to be kept in custody in a guest house. Reject their plea, the apex court said that the directors be kept at a police station and not in a lockup. It is believed that the documents are kept in the nine properties spread over Delhi, Noida, Greater Noida, Buxar and Rajgir.

The Supreme Court, had ordered a three-day police custody for the three directors until they hand over the documents to forensic auditors, on Tuesday.

A bench of Justices D Y Chandrachud and U U Lalit, had also ordered the sealing of two properties of the group, located at Rajgir and Buxar in Bihar. The court directed that after sealing of these properties, their keys be handed over to the registrar of the apex court, as reported by news agency Press Trust of India. Earlier in the month, the judges had pulled up the directors saying that they were playing ‘hide and seek’ with the court.

“You are playing with the dignity of this court. You are not complying with this court’s earlier orders as far as the forensic audits are concerned. Why the documents related to forensic audits have not been submitted to the auditors yet? You are deliberately attempting not to comply with the court’s orders,” stated the court on Tuesday.

Since a group of home-buyers had petitioned at the apex court for not receiving their flats on time, the Amrapali Group has been facing the wrath of the Supreme Court. It is also reported that the builder has failed to hand over flats to almost 42,000 homebuyers.

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