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SC sends 3 directors of Amrapali group to custody

Wednesday, October 10, 2018

New Delhi: The Supreme Court Tuesday sent three directors of the Amrapali group to police custody admonishing them for playing "hide and seek" with the court and ordered they hand over all the documents of the embattled real estate major's 46 group companies to forensic auditors.

A bench of Justices Arun Mishra and U U Lalit gave the direction after taking exception to the Amrapali group not handing over all the documents to forensic auditors.

It ordered that the three directors-- Anil Kumar Sharma, Shiv Priya and Ajay Kumar-- will remain in police custody till they hand over all the documents.
The apex court's order came on a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats.

The court said the conduct of the directors was in "gross violation" of its order.

The court directed the Delhi police to seize all the documents of the Amrapali group and hand them over to forensic auditors, emphasising that not a single document of these companies should remain in custody of the group.

The top court had earlier allowed the National Buildings Construction Corporation Ltd (NBCC) to float tenders for selecting the builder to complete the stalled projects of Amrapali Group and asked it to prepare a detailed project report for pending projects within 60 days.On September 12, the apex court had appointed NBCC to develop stalled projects of the realty firm and directed the Debts Recovery Tribunal to sell the unencumbered commercial properties of the group.

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