38.6c New Delhi, India, Monday, August 04, 2025
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Business

You Are Worst Kind Of Cheater: SC Orders Attachment Of Amrapalis 5-Star Hotel, Malls

By LawStreet News Network      06 December, 2018 12:00 AM      0 Comments
You Are Worst Kind Of Cheater: SC Orders Attachment Of Amrapalis 5-Star Hotel, Malls

The Supreme Court on December 5, 2018, calling realty major Amrapali Group the worst kind of cheater in the world has ordered the attachment and sale of Amrapali Groups five-star hotel, cinema hall, malls and factories across India.

A Bench comprising of Justice Arun Mishra and Justice U.U. Lalit also ordered attachment of four corporate offices of Amrapali Group situated in Noida and Greater Noida, and asked the Debt Recovery Tribunal (DRT), Delhi to auction them.

Hearing a batch of petitions filed by homebuyers who are seeking possession of around 42,000 flats, the Bench gave a window to the firms directors and their family members to return homebuyers money, if they have it, by December 10, 2018.

Further, the Bench also asked the firm to explain by next week the diversion of around 3,000 crore of homebuyers money for other purposes.

The apex court issued notices to the Amrapali Group CMD Anil Sharma and its directors, Chief Financial officer and statutory auditor Anil Mittal, asking them why a criminal case for breach of trust should not be lodged against them.

You [Amrapali Group] are the worst kind of cheater in the world. You have cheated the homebuyers all along and now you want to sell the facilities created for them, the Bench said after it was told that the real estate firm wants to sell a nursery school, an open space and a nursing home to raise funds.

The Supreme Court also rapped the firm for repeated non-compliance with its direction and not giving the data of business transactions for 2015-2018 period to forensic auditors.

"You are a perfect liar. You are a first degree liar. You have not given specific information what we have asked for in our earlier orders. We are not satisfied with your affidavit and you have only tried to manipulate the things. Despite our nine orders, you have not given specific information about business transactions for period 2015-18," the Bench said.



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

bengaluru-court-convicts-ex-mp-prajwal-revanna-in-rape-case
Trending Judiciary
Bengaluru court convicts ex MP Prajwal Revanna in rape case

Bengaluru court convicts ex-MP Prajwal Revanna in rape case linked to explicit videos; one of four sexual abuse cases filed against him.

04 August, 2025 11:07 AM
sc-sets-aside-order-declaring-man-as-juvenile-on-basis-of-school-certificate
Trending Judiciary
SC sets aside order declaring man as juvenile on basis of school certificate [Read Judgment]

SC: School certificate from private school not valid proof of age, sets aside order declaring murder accused as juvenile.

04 August, 2025 11:24 AM

TOP STORIES

why-so-many-students-dying-by-suicides-sc-asks-iit-kharagpur
Trending Judiciary
Why so many students dying by suicides, SC asks IIT Kharagpur

SC asks IIT Kharagpur why students are dying by suicide; raises concern amid rising campus deaths despite new mental health guidelines.

29 July, 2025 11:51 AM
sc-takes-suo-motu-cognisance-of-dog-bite-incidents
Trending Judiciary
SC takes suo motu cognisance of dog bite incidents

Supreme Court takes suo motu cognisance of rising dog bite cases after 6-year-old girl dies of rabies; terms media report alarming and disturbing.

29 July, 2025 01:38 PM
sc-quashes-fir-against-ace-shuttler-lakshya-sen-others-for-forging-birth-certificate
Trending Judiciary
SC quashes FIR against ace Shuttler Lakshya Sen, others for forging birth certificate [Read Judgment]

SC quashes FIR against shuttler Lakshya Sen, says forgery case based on vendetta, lacked merit and abused criminal process.

29 July, 2025 04:20 PM
supreme-court-to-hear-presidential-reference-on-bill-clearance-timelines-from-august-19
Trending Judiciary
Supreme Court to Hear Presidential Reference on Bill Clearance Timelines from August 19

SC to hear Presidential Reference on timelines for Governors & President to clear Bills, from Aug 19 to Sept 10; Kerala & TN oppose maintainability.

29 July, 2025 04:43 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email