Supreme Court orders attachment of Amrapali properties

Delhi | Wednesday | 14th November, 2018

Summary:

The Supreme Court Tuesday ordered attachment of some properties of the beleaguered Amrapali group, which is facing suits by homebuyers for alleged diversion of money collected by some of the group’s firms. According to a report of the court-appointed forensic auditors, Amrapali diverted money to invest in Gauri Suta. The court made evident its displeasure when told that the group continued to violate orders asking it to provide complete details of investments to the forensic auditors. The company lawyers failed to divulge its ownership details. Therefore, all this (properties) have to be sold.”For all the latest Delhi News, download Indian Express App.