The Supreme Court Thursday issued contempt notice against three directors, including the CMD of Amrapali group for defying various court orders, and sought their reply in four weeks.
Three directors of embattled real estate company Amrapali were Wednesday night brought to Noida, as the police started seizing their documents and sealing offices after the Supreme Court ordered the action, officials said.
The Supreme Court 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.
The Supreme Court has allowed National Buildings Construction Corporation Ltd (NBCC) to float tenders for selecting the builder to complete the stalled projects of Amrapali Group.
The Supreme Court on Thursday identified 16 properties of the Amrapali Group for auctioning, preferably by the NBCC, to give the PSU an initial corpus to start work on the stalled projects.
Don't play smart or we will render you homeless, SC plainly warned the real estate major Amrapali Group, accused of delaying its projects to the detriment of homebuyers' interest.
Supreme Court today pulled up the Amrapali Group for "defrauding investors" and playing "dirty games" with the court and ordered attachment of all bank accounts and movable properties of 40 firms belonging to the real estate major.
The SC directed Amrapali Group and its home buyers to hold a meeting and arrive at a consensus on the status of its projects which are nearing completion.
The SC told the embattled Amrapali Group that it shared the concerns of home buyers and the real estate firm should consider their "plight".
The SC asked the embattled real estate firm Amrapali Group to furnish by tomorrow details of 47 residential towers, which are nearing completion.