‘Perfect liar’: SC orders seizure, of Amrapali malls, offices – ( Well they have been pretty good at in the sense that they have managed to take the court for a ride and now the long arm of the law and its choke hold is getting tighter )

Posted on Dec 5 2018 - 5:51pm by admin

he Supreme Court on Wednesday called the Amrapali Group a “perfect liar” and “worst kind of cheater” as it ordered attachment and sale of its five-star hotel, cinema hall, malls and factories across India for not complying with its directions.

A bench of justices Arun Mishra and UU Lalit also ordered attachment of four swanky corporate offices of the embattled reality firm located in Noida and Greater Noida. The Debt Recovery Tribunal (DRT) was directed to auction the properties.

In a stern order, the bench also asked the firm’s directors and their family members to return home-buyers’ money, if they have it, by December 10. Notices were also issued to the group chairman and managing director Anil Sharma, chief financial officer (CFO) Chandra Wadhwa and statutory auditor Anil Mittal as to why a case for criminal breach of trust should not be lodged against them.

The SC is hearing a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali Group.


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