Supreme Court orders sealing of 9 properties of Amrapali

TIL Desk/Business/New Delhi/ The Supreme Court on Wednesday ordered the sealing of nine properties of embattled real estate company Amrapali after its three directors, who are in police custody, said that the documents related to the group’s 46 firms were stored there.

The three directors moved an application before a bench comprising Justices U U Lalit and D Y Chandrachud stating that they were willing to hand over all the documents but the police was unaware about which one needed to be seized.

The court’s order came a day after three directors of the group — Anil Kumar Sharma, Shiv Priya and Ajay Kumar — were ordered to be taken into police custody and the firm was castigated for playing “hide and seek” with the court by not complying with its orders to hand over all the documents to the forensic auditors.

These directors told the bench that documents related to Amrapali’s 46 group companies were kept in seven locations at Noida and Greater Noida and two premises — Rajgir and Buxar districts in Bihar. “We direct the concerned police, Superintendent of Police of Noida and Greater Noida to seal all the seven premises in the presence of these directors,” the bench said.

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