38.6c New Delhi, India, Tuesday, April 23, 2024

‘You Are Worst Kind Of Cheater’: SC Orders Attachment Of Amrapali’s 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 Amrapali’s 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 Group’s 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 firm’s 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

Leave a feedback about this

Trending Legal Insiders
Overreaching Jurisdiction: A critique of the Supreme Court's adventurism for LGBTQIA rights

In its over-enthusiasm to protect LGBTQIA+ rights, has the Supreme Court exceeded its constitutional mandate under Article 142? A Delhi University research scholar evaluates the theme.

22 April, 2024 10:48 AM
Trending Legal Insiders
New criminal laws watershed moment for society: CJI [Read Inaugural Remarks]

CJI Chandrachud hails new criminal laws as a watershed moment, marking a significant overhaul for the justice system, emphasizing adaptation and technology's role.

22 April, 2024 11:26 AM


Trending Judiciary
Burden to prove dishonest damage to electric meter is for electricity theft, is on the prosecution: Delhi HC [Read Judgment]

Delhi High Court has held that the burden to prove that a person has ‘dishonestly’ damaged an electric meter to commit electricity theft is on the prosecution.

17 April, 2024 05:41 PM
Trending Judiciary
PIL filed by Ashwini Kumar Upadhyay in SC for 3-yr Bachelor of Law degree after Class XII

PIL by Ashwini Kumar in SC seeks to shorten law degree to 3 years post-Class XII, citing current 5-year span as irrational.

18 April, 2024 11:21 AM
Trending Executive
Centre sets up high-powered committee to suggest measures to end discrimination against queer community [Read Order]

Centre forms committee to end discrimination against the queer community, chaired by the Cabinet Secretary, following a Supreme Court directive.

18 April, 2024 12:11 PM
Trending Judiciary
After Karnataka HC, Delhi HC sets aside Government circular banning 23 'ferocious' dog breeds [Read Judgement]

After Karnataka High Court, the Delhi High Court has set aside a Government circular banning 23 'ferocious' dog breeds.

18 April, 2024 01:06 PM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email