The Supreme Court of India took a strict step by attaching the property of the Amrapali Group including its 40 subsidiary companies and its promoters, directors for defrauding its homebuyers. This step has been by the SC as the Amrapali Group failed to comply with the Supreme Court’s order to complete its long-pending housing projects.This judgment was given by the bench of Justices Arun Mishra and U U Lalit.
In doing so, the Supreme Court has given a strong message that the courts cannot be taken for granted by a corporate body. The SC has questioned the conduct of the Amrapali Group and accused the group of engaging in “dirty games” with the judiciary as the group approached the National Buildings Construction Corporation (NBCC) complete the construction of the housing projects while the case was still pending in the court.
The SC further said that the group has also tried to defraud the court and has also failed to comply with its directions to furnish details of the assets of the company. The court said that the Amrapali Group has committed serious contempt of court by not complying with its orders.
The bench also questioned NBCC’s act of inviting co-developers for finishing up the housing projects without taking prior approval of the Hon’ble Court. The Amrapali Group has also been asked to submit the details of all the assets and bank accounts of their 40 subsidiary companies along with the PAN details of the directors and promoters.