New Delhi, Dec 4: There is hope for Amrapali homebuyers of getting their money back soon. The Supreme Court on Wednesday ordered attachment of more group properties for diversion of money. The company has accepted diverting Rs 3000 crores of homebuyers'money. SC ordered attachment of Amrapali’s five-star hotel, FMCG company, corporate office and malls in an interim direction. The Debt Recovery Tribunal (DRT) will now implement the order. The court asked the CMD and directors of Amrapali they should not be slapped with a criminal case. The next hearing is scheduled for December 12.
Earlier, in second week of November, in a massive crackdown on Amrapali Group for "wilful disobedience" of its orders, the Supreme Court had attached the company's 100-bed multi-speciality hospital, bank accounts, the building which houses its office, certain firms and a "benami" Villa in Goa.
The top court asked the Chief Financial Officer Chander Wadhwa to deposit Rs 11.69 crore with its registry within three weeks. It also asked a statutory auditor Anil Mittal to pay Rs 47 lakh.
It restrained the realty firm from alienating its companies through which it had transactions and ordered attachment of such firms. It also restrained Amrapali Group from creating any third party rights for 86 luxury cars and SUVs purchased from the company's funds.
A bench of Justices Arun Mishra and U U Lalit said that Amrapali Group has deliberately not complied with its earlier order and committed a "serious fraud" by diverting home-buyers' money from one company to other.
The bench ordered that attachment of the group's state-of-the-art, multi-speciality, 100-bed hospital situated at Greater Noida for which funds from Ultra Home Construction Pvt Ltd were utilised.
The bench also attached the bank accounts of GauriSuta Infrastructures Pvt Ltd, its director Sunil Kumar and its assets after forensic auditors disclosed that Amrapali transferred home-buyers' money from one firm to sister companies using it as conduit.
The top court also directed attachment of towers which housed the company's office and 'Aqua Fortis' villa in Goa for no one came forward to claim ownership.
Forensic auditors Pawan Kumar Aggarwal and Ravi Bhatia, appointed by the court to look into the affairs of embattled firm, said that home-buyers' money was given as advances to the tune of Rs 442 crore to 15 companies and nine individuals from Amrapali Saphire project.
News24 Bureau/ PTI