Major Setback to Amrapali Group: Supreme Court directs sealing of 9 properties of Amrapali Group

By- News Desk, Legal Experts India

Supreme Court directs sealing of 9 properties of Amrapali Group

Today on 10th of October 2018 while hearing the case of Bikram Chatterji & Ors. Vs UOI, the Supreme Court of India ordered the sealing of 9 properties of the Amrapali Group where the documents related to its 46 group companies are kept.

The properties are in Noida, Greater Noida and Rajgir and Buxar in Bihar.

A bench of Justice U U Lalit and D Y Chandrachud directed that after the sealing of these properties, its keys be handed over to the registrar of the Supreme Court.

The order comes a day after three directors — Anil Kumar Sharma, Shiv Priya and Ajay Kumar — of real estate company were taken into police custody on the orders of the top court after they failed to hand over account books to forensic auditors appointed by the top court.