SC orders sealing of 9 properties of Amrapali group

SC orders sealing of 9 properties of Amrapali group

16 news, 1

The Supreme Court on Wednesday ordered the sealing of nine properties of the Amrapali group where the documents related to its 46 group companies are kept.

The properties are in Noida, Greater Noida and Rajgir and Buxar in Bihar.

A bench of Justices U U Lalit and D Y Chandrachud directed that after the sealing of these properties, its keys be handed over to the registrar of the apex court.

The order comes a day after three directors — Anil Kumar Sharma, Shiv Priya and Ajay Kumar — of real estate company were taken into police custody on the orders of the top court after they failed to hand over account books to forensic auditors appointed by the top court.

The court said that the company was playing “hide and seek” with the court and not complying with its orders of handing over all the documents.

The court on Wednesday ordered the three directors to file an undertaking that no documents are kept at any other place except at these nine properties of the real estate firm.

It further said that only the court appointed forensic auditors and their authorised representatives can enter the premises that are to be sealed. The court also said that the directors be kept at police station and not in the lock up till the seven premises in Noida and Greater Noida are sealed.

The order came on a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats.


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