AMRAPALI Directors are in fix over books of accounts

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Saurabh Kumar


The Supreme Court Wednesday directed the sealing of seven properties of the Amrapali group at Noida and Greater Noida where the documents related to its 46 group companies are kept.

A bench of Justices U U Lalit and D Y Chandrachud also ordered the sealing of two properties of the group at Rajgir and Buxar in Bihar, saying that after the sealing of these properties, its keys be handed over to the registrar of the apex court.

The court directed three directors of the group, who are in police custody, to file an undertaking that no documents are kept at any other place except at these nine properties of the real estate firm.

It further said that only the court appointed forensic auditors and their authorized representatives can enter the premises which are to be sealed.

The bench had also questioned as to why the group has not yet handed over account books of the companies to the auditors.

The apex court had observed that account books of the group were finalized by their internal and statutory auditors till 2015 only and there were apparently no records of account books from then on till now.

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