Amrapali ‘s nine properties sealed, SC asks to file undertaking

The Supreme Court, yesterday, passed an ordered to seal nine properties of Amrapali group.

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Amrapali ‘s nine properties sealed, SC asks to file undertaking
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The Amrapali real estate group today informed to Supreme Court that nine of its properties in Noida, Greater Noida, Rajgir and Buxar in Bihar have been sealed. This has been done in compliance with the court’s order.

A bench of Justices U Lalit and D Y Chandrachud asked the Amrapali Group to file an undertaking with regard to sealing of its properties by 2 PM today.  The bench also sought the presence of two forensic auditors Ravi Bhatia and Pawan Kumar Aggarwal to oversee the procedure.

The Supreme Court, yesterday, passed an ordered to seal nine properties of Amrapali group. Supreme Court also asked Amrapali group to hand over the key to the SC registrar.

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Amrapali group is in trouble. First, its three directors were sent to the police custody, and then SC ordered to seal their nine properties. Amrapali Group’s three directors including Anil Kumar Sharma, Shiv Priya and Ajay Kumar were taken to police custody on 9 October because they failed twice to hand over all the account related documents of the company to forensic auditors.

If they fail to hand over all the required documents as per the orders, they shall remain in custody of the police till such time the documents are handed over.

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Amrapali ‘s nine properties sealed, SC asks to file undertaking
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Amrapali ‘s nine properties sealed, SC asks to file undertaking
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The Supreme Court, yesterday, passed an ordered to seal nine properties of Amrapali group.
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The Policy Times
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