Supreme Court orders sealing of Amrapali’s offices

Supreme Court of India
Supreme Court of India, File Photo

New Delhi, Oct 10: The Supreme Court on Wednesday ordered sealing of Amrapali group’s nine offices located in Uttar Pradesh and Bihar, where account-documents relating to the group’s 46 companies are kept.

Seven of the nine offices are situated in Uttar Pradesh’s  Noida and Greater Noida, while two are in Buxar and Rajgir districts of Bihar.

The development comes a day after, the apex court had sent three directors, including the Chairman, of the real estate company to police custody for not making available accounts of the 46 companies to forensic auditors.

If the entire exercise of sealing the aforesaid seven premises situated at Noida and Greater Noida is completed today, the presence of the three directors would not be insisted upon by the police, the apex bench stated.

However, “If the exercise is not complete, the present status will continue, except that the three directors, instead of being put up in the lock-up, shall be kept at the police station itself.”

The court was hearing a plea filed by the three directors – Anil Kumar Sharma (Chairman and Managing Director), Shiv Priya and Ajay Kumar –  that they not be put in a lock-up and be allowed to interact with their officials and advocates so that the process of handing over of the documents was expedited.

 

 

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