SC directs sealing of 9 properties of Amrapali group

SC directs sealing of 9 properties of Amrapali group thumbnail
The Supreme Court Wednesday directed the sealing of seven properties of the Amrapali group at Noida and Greater Noida where the documents related to its 46 group companies are kept.

A bench of Justices U U Lalit and D Y Chandrachud also ordered the sealing of two properties of the group at Rajgir and Buxar in Bihar, saying that after the sealing of these properties, its keys be handed over to the registrar of the apex court.

The court directed three directors of the group, who are in police custody, 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 which 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 Supreme Court had yesterday ordered the group’s three directors — Anil Kumar Sharma, Shiv Priya and Ajay Kumar — to be taken into police custody, saying that the company was playing “hide and seek” with the court and not complying with its orders of handing over all the documents to the forensic auditors.

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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