Home Urban Infrastructure News Realty News SC orders NBCC to float tenders for Amrapali projects

    SC orders NBCC to float tenders for Amrapali projects

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    Amrapali

    Architects of Amrapali have been directed to cooperation with NBCC in the matter.

    The apex court also ordered Amrapali to inform about its total dues to Noida and Greater Noida authority.

    During the hearing, it was informed that particulars of three existing directors of Amrapali Group have still not been filed. The details of former directors have also not been filed. The SC then ordered that the names and assets details of all these directors be filed for both existing and former directors.

    The Debt Recovery Tribunal (DRT) has sought for original documents/sanction plans of all the projects along with their valuation. The directors of Amrapali Group have been directed to be present before DRT with all documents on each and every date.

    The DRT will also decide claims in relation to encumbered properties of the company as the list given by Amrapali are not factually correct.

    Statutory auditors have been ordered by SC to handover financial documents from 2008-2015 of Amrapali to forensic auditors appointed by the court in September while the company has been asked to provide details of 2015-2018 to the forensic auditors.

    In Sept 2018, Ravi Bhatia, auditor of Bhatia and Company and Pawan Kumar Aggarwal, auditor of Sharp and Company were appointed as the forensic auditors.

    The case will next be heard on Oct 9.

    Info- https://realty.economictimes.

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