The Supreme Court on Wednesday ordered sealing of nine properties of real estate major Amrapali in Noida and Greater Noida after its three directors, who are in police custody, said documents of the group’s 46 companies were stored there.
A Bench of Justices U.U. Lalit and D.Y. Chandrachud said that if the entire exercise of sealing the premises situated at Noida and Greater Noida was completed on Wednesday, the presence of the three directors would not be insisted upon by the police.
“However, if the exercise is not complete, the present status will continue except that these applicants [directors], instead of being put up in the lock-up, shall be kept in the police station itself,” the Bench ordered.
The Bench had on Tuesday ordered the police to take into custody three directors of the group — Anil Kumar Sharma, Shiv Priya and Ajay Kumar — after they failed to hand over company documents to forensic auditors.
Pursuant to the order, the trio has been lodged in the police lock-up at a police station near the Supreme Court.
On Wednesday, counsel for the directors submitted that they are willing to handover all the documents. Counsel said the company-wise list of all bank accounts were available till 2015 and after that, raw data was available with them which can be handed over to the forensic auditors.
He submitted that these documents are presently lying at nine places and the directors are willing to take the police to their location.
The Bench, then, directed the Superintendents of Police of Noida/Greater Noida to take the trio to all the locations and in their presence, seal all the premises.
“The sealed premises can be visited only by the forensic auditors or by other persons under their express authorisation. No other person shall be allowed entry into the said premises,” the top court said.
The court was hearing a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats.
