Amrapali directors to be held in hotel
NEWDELHI: The Supreme Court on Thursday put three directors of the Amrapalli group, who were detained for failing to hand over financial documents for a forensic audit, under police surveillance till the papers are catalogued but allowed them to stay in a hotel.
The court also issued a formal contempt notice against the directors, which it will take up as a separate case on November 20.
A bench of justices UU Lalit and DY Chandrachud said they did not want the trio to remain at home while cataloguing was on and gave a deadline of 15 days to complete the process.
Thereafter, the two auditors chosen by the top court will complete their task within 10 weeks.
Agreeing with their counsel’s request, the court allowed the directors to stay in Hotel Park Ascent in Noida Sector 62 but pointed out that “during the entirely to this exercise, the three directors shall always remain under police surveillance”.
NEWDELHI:The Supreme Court on Thursday put three directors of the Amrapalli group, who were detained for failing to hand over financial documents for a forensic audit, under police surveillance till the papers are catalogued but allowed them to stay in a hotel.
The court also issued a formal contempt notice against the directors, which it will take up as a separate case on November 20.
A bench of justices UU Lalit and DY Chandrachud said they did not want the trio to remain at home while cataloguing was on and gave a deadline of 15 days to complete the process.
Thereafter, the two auditors chosen by the top court will complete their task within 10 weeks.
Agreeing with their counsel’s request, the court allowed the directors to stay in Hotel Park Ascent in Noida Sector 62 but pointed out that “during the entirely to this exercise, the three directors shall always remain under police surveillance”.
The court order came after the company violated two judicial orders, directing them to produce account books for a forensic audit. Homebuyers seeking possession of around 42,000 flats had dragged the embattling real estate firm to the top court.
On October 9, a bench of justices Arun Misra and Lalit handed over the custody of the three directors — Anil Kumar Sharma, Shiv Priya and Ajay Kuma —to the Tilak Marg police for playing hide and seek” with the court and not complying with its orders to submitting account books of 46 companies of the group to the forensic auditor.
They were ordered to remain in custody till the papers were seized by the police.