India

SC orders seizure, of Amrapali Group

Perfect liar, Supreme Court orders seizure, of Amrapali Group malls, offices and factories

Amrapali GroupAmrapali Group
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SC orders seizure, of Amrapali Group cinema malls, offices, five-star hotel and factories across India for not complying with its directions. SC 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 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.

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.

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