SC orders sealing of nine properties of Amrapali Group
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SC orders sealing of nine properties of Amrapali Group

The apex court directed sealing of group’s premises in Noida, Greater Noida and Bihar to recover financial documents.

SC orders sealing of nine properties of Amrapali Group

A day after three directors of Amrapali Group were sent into police custody, the Supreme Court today directed the sealing of seven properties of the group located in Noida and Greater Noida where the documents related to its 46 group companies are kept.

The Supreme Court also made it clear that the arrested group directors will be kept at police station and not in the lock up till the seven premises in Noida and Greater Noida are sealed.

The decision to seal the seven premises came after the court was informed that the documents are kept in nine premises of Amrapali Group, of which seven are located in Noida and Greater Noida while the remaining two are in Rajgir and Buxar in Bihar.

The bench of Justices U U Lalit and D Y Chandrachud also ordered to seal the properties located in Bihar. The court stated that after the sealing of all these properties, its keys would be handed over to the registrar of the apex court.

The court also asked the 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.

The top court further stated that only the court-appointed forensic auditors and their authorised representatives can enter the premises that are to be sealed. During the course of hearing, three group directors approached for their release from the police custody.

The court has fixed next hearing for tomorrow (Thursday) and has asked Amrapali Group auditors to be present in the court.

On Tuesday, the apex court had ordered directors of the group – Anil Kumar Sharma, Shiv Priya and Ajay Kumar – to be taken into police custody saying that the company was playing ‘hide and seek game’ with the court.