"You Are Playing Hide And Seek", SC Sends 3 Directors Of Amrapali Group To Police Custody [Read Order]
6 years, 3 months ago

"You Are Playing Hide And Seek", SC Sends 3 Directors Of Amrapali Group To Police Custody [Read Order]

Live Law  

The Supreme Court Tuesday sent three directors of the Amrapali group to police custody, directing them to hand over all the documents of the 46 group companies to forensic auditors.A bench of Justices Arun Mishra and U U Lalit took exception to the Amprapali group not handing over all the documents to forensic auditors and said that they will remain in police custody till they hand over all. The Supreme Court Tuesday sent three directors of the Amrapali group to police custody, directing them to hand over all the documents of the 46 group companies to forensic auditors. A bench of Justices Arun Mishra and U U Lalit took exception to the Amprapali group not handing over all the documents to forensic auditors and said that they will remain in police custody till they hand over all the documents. The top court had earlier allowed National Buildings Construction Corporation Ltd 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.

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History of this topic

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately
2 years, 1 month ago

Supreme Court lists Amrapali housing case in January after NBCC says it needs cash immediately

Hindustan Times  

The Supreme Court on Thursday agreed to list the Amrapali housing case in January, after the National Buildings Construction Corporation informed it that the construction of 46,000 Amrapali housing units faced a serious cash crunch. The NBCC told the court that the units required immediate cash flow by way of sale of unused Floor Area Ratio in select Amrapali projects …

Amrapali buyers: Over 11K flats to be given possession in 2-3 months
2 years, 3 months ago

Amrapali buyers: Over 11K flats to be given possession in 2-3 months

Live Mint  

In a big relief to the hassled home buyers of Amrapali Group, the Supreme Court was informed that 11,858 flats will be delivered in 2-3 months of which 5, 428 units will be handed over the possession in October. A bench of Chief Justice UU Lalit and Justice Bela M Trivedi was informed by court receiver senior advocate R Venkataramani …

Amrapali case: Supreme Court asks NBCC how it will deal with Rs 2,300 crore unsold flats
5 years, 4 months ago

Amrapali case: Supreme Court asks NBCC how it will deal with Rs 2,300 crore unsold flats

India Today  

The Supreme Court on Wednesday directed the National Buildings Construction Corporation and the homebuyers to suggest how they will deal with the unsold flats. In order to rescue the homebuyers who have purchased flats by taking bank loans, the Supreme Court also issued notice to banks to give suggestions on what can be done to release pending loan amounts so …

Amrapali group directors booked in cheating case
5 years, 5 months ago

Amrapali group directors booked in cheating case

India TV News  

The Economic offence Wing of Delhi Police on Wednesday registered a case of cheating against directors of the Amrapali Group, said officials. The case was registered on the complaint of Anurag Sahay, who had booked a flat with Amrapali group but was not delivered the same within the promised deadline, said police. In his complaint, Sahay had said the Amrapali …

Two officials of Amrapali Group arrested
5 years, 5 months ago

Two officials of Amrapali Group arrested

India TV News  

The Economic Offences Wing of Delhi Police has arrested two officials of Amrapali Group for creating a large number of bogus companies, the police said on Tuesday. The arrested persons have been identified as Chander Prakash Wadhwa, chief financial officer and Anil Mittal, statutory auditor of the Amrapali group of companies. Three directors of Amrapali Group -- Anil Kumar Sharma, …

Amrapali Group had paid Rs 36 lakh to ICC chief Shashank Manohar; Supreme Court orders ED investigation
5 years, 5 months ago

Amrapali Group had paid Rs 36 lakh to ICC chief Shashank Manohar; Supreme Court orders ED investigation

India TV News  

The Supreme Court in its judgement on Amrapali Group said Anil Kumar Sharma, CMD of Amrapali Group of Companies had paid Rs 36 lakh to ICC Chairman Shashank Manohar. The top court has also ordered the Enforcement Directorate to investigate the issue of money laundering in the real estate group, as Manohar's name features on the list of third parties …

Banks colluded with Amrapali developers in misappropriation of loans for housing projects: Supreme Court
5 years, 5 months ago

Banks colluded with Amrapali developers in misappropriation of loans for housing projects: Supreme Court

Firstpost  

More than 40,000 homebuyers are suing Amrapali in a long-running legal battle over delays to projects New Delhi/Mumbai: The Supreme Court on Tuesday said several banks had colluded with Amrapali Developers, one of India’s largest real estate firms, in the misappropriation of loans meant for housing projects. The Supreme Court criticised the lenders for failing to monitor the end-use of …

Supreme Court cancels Amrapali registration, asks NBCC to complete projects
5 years, 5 months ago

Supreme Court cancels Amrapali registration, asks NBCC to complete projects

Deccan Chronicle  

New Delhi: In a landmark judgment that came as a huge relief to 46,000 stranded home buyers, the Supreme Court on Tuesday ousted Amrapali Group from its prime properties and handed over the projects to state-run NBCC. The apex court, which cancelled the registration of Amrapali Group under RERA, directed the Centre and the states to take steps against the …

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers
5 years, 5 months ago

SC cancels registration of Amrapali group, appoints NBCC to complete pending projects; news brings relief to over 42,000 home buyers

Firstpost  

A bench of Justices Arun Mishra and UU Lalit also cancelled leases of Amrapali’s properties granted by Noida and Greater Noida authorities and given them to NBCC. A bench of Justices Arun Mishra and UU Lalit also cancelled the leases of Amrapali’s properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money …

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]
5 years, 5 months ago

SC Cancels RERA Registration Of Amrapali; Asks NBCC To Take Over Noida Projects [Read Judgment]

Live Law  

In a major relief to thousands of homebuyers, the Supreme Court on Tuesday cancelled the registration of Amrapali group under Real Estate Act 2016, and directed the National Building Construction Corporation take over its pending construction projects in Greater Noida and Noida.The bench of Justices Arun Mishra and U U Lalit found that Amrapali group had siphoned. In a major …

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects
5 years, 5 months ago

Relief to homebuyers as SC cancels Amrapali's registration, asks NBCC to complete pending projects

India Today  

In a big relief to thousands of homebuyers left in the lurch by their builders, the Supreme Court has cancelled the registration of real estate major Amrapali group under the Real Estate Regulatory Authority and lease of its properties granted by Noida and Greater Noida authorities. The Supreme Court also appointed the National Buildings Construction Corporation to complete all the …

May hand over stuck projects to govt bodies for completion, top court warns Amrapali
5 years, 8 months ago

May hand over stuck projects to govt bodies for completion, top court warns Amrapali

Hindustan Times  

The Supreme Court indicated on Wednesday it could take away the Amrapali Group’s ownership of unfinished projects and hand them to government agencies, reiterating that it will protect the interests of tens of thousands of homebuyers after the realty developer failed to deliver flats despite being paid. Approximately 46,000 flats have not been delivered by Amrapali Group companies, which have …

Supreme Court slams Amrapali: You have committed first degree crime
5 years, 8 months ago

Supreme Court slams Amrapali: You have committed first degree crime

Hindustan Times  

The Supreme Court Wednesday noted that Amrapali Group had committed a “first degree crime” by cheating homebuyers and those behind the mess, no matter how powerful they are, would be booked and prosecuted. Amrapali Group claimed that it had received Rs 11,057 crore from the homebuyers and they have constructed five projects in Indirapuram, in Delhi-NCR, and given possession to …

Amrapali's lawyers given flats and penthouses as fees: Forensic auditors to SC
5 years, 8 months ago

Amrapali's lawyers given flats and penthouses as fees: Forensic auditors to SC

India Today  

In yet another startling revelation, the embattled Amrapali Group gave away flats and penthouses as fees to lawyers representing it at various judicial forums, forensic auditors informed the Supreme Court on Thursday. Hearing a batch of home buyers' petitions, a bench of Justices Arun Mishra and U U Lalit ordered all the directors of Jotindra Steel and Tubes Ltd, a …

Amrapali Group committed first degree crime by cheating home buyers: SC
5 years, 8 months ago

Amrapali Group committed first degree crime by cheating home buyers: SC

India Today  

Amrapali Group has committed a "first degree crime" by cheating thousands of home buyers and no matter how powerful the people behind this mess they will be booked and prosecuted, the Supreme Court said Tuesday. Amrapali Group claimed that they had received Rs 11,057 crore from the home buyers and they have constructed five projects in Indirapuram of Delhi-NCR and …

MS Dhoni Moves SC Against Amrapali Group Seeking Protection Of Ownership Right Of Penthouse
5 years, 8 months ago

MS Dhoni Moves SC Against Amrapali Group Seeking Protection Of Ownership Right Of Penthouse

Live Law  

Indian cricketer Mahendra Singh Dhoni has moved the Supreme Court seeking protection of his ownership rights on an over 5,500-square feet penthouse he booked 10 year ago in a project of embattled Amrapali Group.Dhoni filed an application in the court through his lawyer, after receiving a notice from apex court-appointed forensic auditors seeking clarification on certain aspects of the. Indian …

SC Permits Delhi Police To Arrest Amrapali Group CMD And Two Directors
5 years, 10 months ago

SC Permits Delhi Police To Arrest Amrapali Group CMD And Two Directors

Live Law  

The Supreme Court on Thursday allowed the Delhi Police to arrest Amrapali Group Chairman and Managing Director Anil Sharma and two directors, Shiv Priya and Ajay Kumar.The bench comprising Justice Arun Mishra and Justice UU Lalit passed the order on ana applicationfiled by the Deputy Commissioner of Police, Economic Offences Wing, Delhi PoliceAllowing the application, the court clarified,. The Supreme …

SC allows Delhi Police to arrest Amrapali group CMD, two directors
5 years, 10 months ago

SC allows Delhi Police to arrest Amrapali group CMD, two directors

Live Mint  

New Delhi: The Supreme Court on Thursday allowed Delhi Police to arrest Amrapali group chairman and managing director Anil Sharma and two directors forthwith in a criminal complaint filed against them. It said the Economic Offence Wing of Delhi Police can also arrest Amrapali directors — Shiv Priya and Ajay Kumar — in the case. The court is seized of …

SC grills Amrapali CMD for homebuyers’ money in his account, warns him of jail
5 years, 11 months ago

SC grills Amrapali CMD for homebuyers’ money in his account, warns him of jail

Live Mint  

The Supreme Court on Thursday grilled Amrapali Group CMD Anil Kumar Sharma for ₹94 crore of homebuyers' money being shown in his bank account and also warned that it would send him to jail for his "reluctance" in disclosing the identity of a person, who had bought company's shares worth ₹140 crore from the multi-national firm JP Morgan. A bench …

SC suspects cartelisation as Amrapali’s 5-star hotel unsold in auction
5 years, 11 months ago

SC suspects cartelisation as Amrapali’s 5-star hotel unsold in auction

Live Mint  

Taking strong exception to two prime properties including a five-star hotel of the embattled Amrapali Group finding no bidders, the Supreme Court on Monday said that prima facie it looks like "cartelisation is at work" and sought to know whether "banks are part of cartels". "There were newspaper reports recently that banks are ready to finance the projects constructed by …

Amrapali case: SC orders attachment of group’s 5-star hotel, malls, factories
6 years, 1 month ago

Amrapali case: SC orders attachment of group’s 5-star hotel, malls, factories

Live Mint  

New Delhi: Continuing its crackdown on the embattled Amrapali Group, the Supreme Court on Wednesday ordered attachment and sale of the realty firm’s five-star hotel, cinema hall, malls and factories across India, calling it “a worst kind of cheater” and “a perfect liar” for not complying with the court’s direction.The top court also ordered attachment of four swanky corporate offices …

Amrapali Group fund diversion case: Supreme Court orders attachment of firm's five-star hotel, mall and FMCG company
6 years, 1 month ago

Amrapali Group fund diversion case: Supreme Court orders attachment of firm's five-star hotel, mall and FMCG company

Firstpost  

Amrapali Group CMD Anil Sharma, in an affidavit in the Supreme Court, revealed that he and his family members received crores of rupees over the years as ‘salary and professional charges The Supreme Court on Wednesday ordered attachment embattled real estate company Amrapali Group’s properties including a five-star hotel, corporate office, mall, FMCG company, a media report said. Amrapali Group …

SC Initiates Contempt Action Against Amrapali Directors [Read Order]
6 years, 3 months ago

SC Initiates Contempt Action Against Amrapali Directors [Read Order]

Live Law  

In another blow to the three directors of the Amrapali Group sent to police custody, the Supreme Court on Thursday issued formal notice and directed the Registry to register a separate cause as “Suo Motu Contempt” against them for violating the court’s orders and interfering with the course of justice. During the entire course, there will be at least two …

Supreme Court orders nine properties of Amrapali group be sealed, allows only auditors to enter premises
6 years, 3 months ago

Supreme Court orders nine properties of Amrapali group be sealed, allows only auditors to enter premises

Firstpost  

The three directors of Amrapali moved an application before a bench comprising Justices UU Lalit and DY Chandrachud stating that they were willing to hand over all the documents but the police was unaware about which one needed to be seized. New Delhi: The Supreme Court on Wednesday ordered the sealing of nine properties of embattled real estate company Amrapali …

SC Orders Sealing Of Nine Properties Of Amrapali Where Documents Sought By Forensic Authorities Are Kept [Read Order]
6 years, 3 months ago

SC Orders Sealing Of Nine Properties Of Amrapali Where Documents Sought By Forensic Authorities Are Kept [Read Order]

Live Law  

The Supreme Court directed the police to seal nine properties of real estate group Amrapali where the documents required by forensic authorities are reportedly kept.The bench comprising Justice Uday Umesh Lalit and Justice Dhananjaya Y Chandrachud issued this directive as the counsel for these directors agreed to give an undertaking before the. The Supreme Court directed the police to seal …

Supreme Court action against Amrapali directors sends the right message to home buyers
6 years, 3 months ago

Supreme Court action against Amrapali directors sends the right message to home buyers

Firstpost  

Apparently, the Supreme Court suspects huge diversion of funds and hence it is looking beyond the companies themselves to retrieve the money to the extent possible for the beleaguered and hapless home buyers. The Supreme Court on 9 October 2018 warmed the cockles of home buyers in general and buyers from Amrapali group in particular. Apparently, the apex court suspects …

Auditor who exposed Harshad Mehta scam to carry out forensic audit of Amrapali Group
6 years, 4 months ago

Auditor who exposed Harshad Mehta scam to carry out forensic audit of Amrapali Group

Firstpost  

The top court had also brought CMD of Amrapali Group Anil Sharma under its scanner for declaring his assets worth Rs 67 crore, as against Rs 847 crore, in his election affidavit filed during the 2014 Lok Sabha polls New Delhi: The Supreme Court said on Wednesday that the two auditors it has appointed for forensic audits of Amrapali Group …

SC Orders Attachment Of Bank A/c, 40 Movable Properties Of Real Estate Major Amrapali
6 years, 5 months ago

SC Orders Attachment Of Bank A/c, 40 Movable Properties Of Real Estate Major Amrapali

Live Law  

“Does your client feel that they are above everybody? Ask them not to play hide and seek with the court”, a bench of justices Arun Mishra and U U Lalit told the group’s lawyer P S Patwalia Pulling them up for “defrauding investors and playing dirty games with the court”, theSupreme Court today. Ask them not to play hide and …

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