The court said the conduct of the directors was in 'gross violation' of its order
The bench directed that forensic audit of 46 group companies of Amrapali
SC said those found guilty will have their properties sold
The Supreme Court on Tuesday said it would sell the personal assets of the promoters and directors of Amrapali group. It made a similar decision on Unitech.
Amrapali cannot wriggle out of its responsibilities of paying all pending dues, said SC
A bench of justices Arun Mishra and U U Lalit asked the NBCC to place a concrete proposal before it within 30 days on how they could complete the projects
The top court asked the Amrapali Group to deposit Rs 250 crore in four weeks in an escrow account to be paid to co-developers on completion of the projects
The Amrapali Group had earlier submitted a comprehensive proposal on how it planned to deliver 42,000 flats to its buyers in various projects
The firm has sought permission of the court to rope in other builders to complete its various housing projects and hand over possession of flats to the hassled homebuyers
The home buyers have neither received possession of their flats, nor refund of the amount