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“Playing hide and seek”, Supreme Court sends Amrapali group directors to police custody

The Supreme Court on Tuesday ordered the debt-ridden Amrapali Group’s Directors to surrender before the police and stop “playing hide and seek” with the apex court’s proceeding.

The court said, “You are playing hide and seek. You are trying to mislead the court. You are playing with the dignity of this court and You are complying with this court’s earlier orders as far as the forensic audits are concerned”.

The three directors of the Amrapali Group including Shiv Priya, Ajay Kumar and Anil Kumar Sharma are directed to submit the documents related to the forensic auditor’s report of the infrastructure company but they have not followed the orders.

Last month, the Apex Court has asked the directors of Amrapali group to disclose the assets possessed by them and a forensic audits report.

A bench of Supreme Court headed by Justice Arun Mishra and UU Lait said, “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”.

The Apex Court has asked the police of Noida, Greater Noida and Delhi to coordinate with one another and take the three directors into the police custody along with the documents handed over to the forensic auditors.

amrapali group- business news- truecolumn
amrapali group – business news – truecolumn

 

 

Followed by the complaints of the buyers of flat constructed by Amrapali Group, the Apex court had registered a case against the builders. They failed to give the final possession of over 42,000 flats within the time assigned.

On September 12, the court has appointed NBCC to complete the pending projects of Amrapali Group with the detailed report of the project within 60 days. The next hearing of the court will take place on October 24.

The asset of the group CMD came under the eyes of the Apex Court when he has declared the asset of Rs 67 crore as against the Rs 847 Crore disclosed in 2014 Lok Sabha Election polls.

 

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