The Supreme Court of India on Monday issued a notice to former Indian cricket team captain MS Dhoni in the ongoing case against the Amrapali Group. The top court has decided to stay arbitration proceedings initiated by the Delhi High Court against the Amrapali group on Dhoni's plea. Dhoni had initiated the arbitral proceedings against the real estate firm over a financial dispute.

Dhoni was the brand ambassador of the Amrapali Group, which is now a defunct company. A bench of justices U U Lalit and Bela M Trivedi on Monday noticed that the interest of the home buyers needs to be secured first so those who had invested their money can be allotted flats in time.

The court also noted that the erstwhile management of the Amrapali Group, which is currently behind the bars, cannot be asked to represent the company's cause in the arbitration proceedings. The court said it is issuing notices to two claimants to stay the arbitrations proceedings initiated by them against the Amrapali Group.

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"We issue notices to two claimants of two arbitrations cases," said the bench led by U U Lalit and Bela M Trivedi. While one of the two arbitrations cases has been initiated by Dhoni against Amrapali Homes Projects Private Ltd, the other one has been initiated by a firm named S.T. Constructions against Amrapali Princely Estate Private Ltd.

Dhoni is facing legal trouble in the case as the Amrapali homebuyers allege an amount of Rs 42 crore (INR 420 million) has to be recovered from the former India captain. The amount was allegedly paid to him as endorsement fees for being the brand ambassador of the now-defunct real estate firm and it was diverted from the amount deposited by the homebuyers.

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Dhoni, who retired from international cricket in 2020, continues to ply his trade in the Indian Premier League (IPL) for Chennai Super Kings (CSK). He had stepped down as the captain of CSK ahead of the start of IPL 2022 earlier this year before taking over the baton once again from Ravindra Jadeja after the team's poor start to the season.

(With inputs from agencies)

The Supreme Court of India on Monday issued a notice to former Indian cricket team captain MS Dhoni in the ongoing case against the Amrapali Group. The top court has decided to stay arbitration proceedings initiated by the Delhi High Court against the Amrapali group on Dhoni's plea.

The Supreme Court of India on Monday issued a notice to former Indian cricket team captain MS Dhoni in the ongoing case against the Amrapali Group. The top court has decided to stay arbitration proceedings initiated by the Delhi High Court against the Amrapali group on Dhoni's plea. Dhoni had initiated the arbitral proceedings against the real estate firm over a financial dispute. Dhoni was the brand ambassador of the Amrapali Group, which is now a defunct company. A bench of justices U U Lalit and Bela M Trivedi on Monday noticed that the interest of the home buyers needs to be secured first so those who had invested their money can be allotted flats in time. The court also noted that the erstwhile management of the Amrapali Group, which is currently behind the bars, cannot be asked to represent the company's cause in the arbitration proceedings. The court said it is issuing notices to two claimants to stay the arbitrations proceedings initiated by them against the Amrapali Group. Also Read: 'Cut ODIs from 50 to 40 overs': Ravi Shastri gives bold suggestion to make ODI cricket entertaining "We issue notices to two claimants of two arbitrations cases," said the bench led by U U Lalit and Bela M Trivedi. While one of the two arbitrations cases has been initiated by Dhoni against Amrapali Homes Projects Private Ltd, the other one has been initiated by a firm named S.T. Constructions against Amrapali Princely Estate Private Ltd. Dhoni is facing legal trouble in the case as the Amrapali homebuyers allege an amount of Rs 42 crore (INR 420 million) has to be recovered from the former India captain. The amount was allegedly paid to him as endorsement fees for being the brand ambassador of the now-defunct real estate firm and it was diverted from the amount deposited by the homebuyers. Also Read: From MS Dhoni to Aaron Finch: Captains to have won T20 World Cup Dhoni, who retired from international cricket in 2020, continues to ply his trade in the Indian Premier League (IPL) for Chennai Super Kings (CSK). He had stepped down as the captain of CSK ahead of the start of IPL 2022 earlier this year before taking over the baton once again from Ravindra Jadeja after the team's poor start to the season. (With inputs from agencies)

SC issues notice to former India captain MS Dhoni in arbitration proceedings against Amrapali group

Several home buyers heaved a sigh of relief after the Supreme Court on Tuesday directed the cancellation of registration of Amrapali Group and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group.

Azam, one of the buyers told ANI: "We are very satisfied with the Court`s order. The government should now control the builders strictly so that we get our apartment as soon as possible."

"I booked a flat in 2010, which I should have gotten in 2012. Till date I have not received any flat," he said.

Annu Khan, director of buyers association said: "This is a historic decision. This also serves as an example for the builders who think of carrying out frauds."

"The SC instructed banks to not pressurise the buyers for instalments. This came as a relief for us. They also directed the NBCC to build the houses on 8 per cent interest," he said while stating orders that bought reassurances to the buyers.

Another buyer said: "On one side the banks kept on calling us for instalments while on the other side no construction had even started for the flat I bought in Amrapali Dream Valley"

"After today`s verdict we now hope we will soon get our houses," he added.

The SC had ordered NBCC to complete the unfinished housing projects of embattled real estate group in Noida and Greater Noida and handover these to the home-buyers after the registration of Amrapali Group was cancelled.

A bench of the top court headed by Justice Arun Mishra further directed the Enforcement Directorate (ED) to conduct a detailed investigation against the group for diverting homebuyers` money. 
&nbsp;

Several home buyers heaved a sigh of relief after the Supreme Court on Tuesday directed the cancellation of registration of Amrapali Group and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group.

Azam, one of the buyers told ANI: "We are very satisfied with the Court`s order. The government should now control the builders strictly so that we get our apartment as soon as possible."

"I booked a flat in 2010, which I should have gotten in 2012. Till date I have not received any flat," he said.

Annu Khan, director of buyers association said: "This is a historic decision. This also serves as an example for the builders who think of carrying out frauds."

"The SC instructed banks to not pressurise the buyers for instalments. This came as a relief for us. They also directed the NBCC to build the houses on 8 per cent interest," he said while stating orders that bought reassurances to the buyers.

Another buyer said: "On one side the banks kept on calling us for instalments while on the other side no construction had even started for the flat I bought in Amrapali Dream Valley"

"After today`s verdict we now hope we will soon get our houses," he added.

The SC had ordered NBCC to complete the unfinished housing projects of embattled real estate group in Noida and Greater Noida and handover these to the home-buyers after the registration of Amrapali Group was cancelled.

A bench of the top court headed by Justice Arun Mishra further directed the Enforcement Directorate (ED) to conduct a detailed investigation against the group for diverting homebuyers` money. 
&nbsp;

Several home buyers heaved a sigh of relief after the Supreme Court on Tuesday directed the cancellation of registration of Amrapali Group and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group.

Several home buyers heaved a sigh of relief after the Supreme Court on Tuesday directed the cancellation of registration of Amrapali Group and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group. Azam, one of the buyers told ANI: "We are very satisfied with the Court`s order. The government should now control the builders strictly so that we get our apartment as soon as possible." "I booked a flat in 2010, which I should have gotten in 2012. Till date I have not received any flat," he said. Annu Khan, director of buyers association said: "This is a historic decision. This also serves as an example for the builders who think of carrying out frauds." "The SC instructed banks to not pressurise the buyers for instalments. This came as a relief for us. They also directed the NBCC to build the houses on 8 per cent interest," he said while stating orders that bought reassurances to the buyers. Another buyer said: "On one side the banks kept on calling us for instalments while on the other side no construction had even started for the flat I bought in Amrapali Dream Valley" "After today`s verdict we now hope we will soon get our houses," he added. The SC had ordered NBCC to complete the unfinished housing projects of embattled real estate group in Noida and Greater Noida and handover these to the home-buyers after the registration of Amrapali Group was cancelled. A bench of the top court headed by Justice Arun Mishra further directed the Enforcement Directorate (ED) to conduct a detailed investigation against the group for diverting homebuyers` money. Several home buyers heaved a sigh of relief after the Supreme Court on Tuesday directed the cancellation of registration of Amrapali Group and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group. Azam, one of the buyers told ANI: "We are very satisfied with the Court`s order. The government should now control the builders strictly so that we get our apartment as soon as possible." "I booked a flat in 2010, which I should have gotten in 2012. Till date I have not received any flat," he said. Annu Khan, director of buyers association said: "This is a historic decision. This also serves as an example for the builders who think of carrying out frauds." "The SC instructed banks to not pressurise the buyers for instalments. This came as a relief for us. They also directed the NBCC to build the houses on 8 per cent interest," he said while stating orders that bought reassurances to the buyers. Another buyer said: "On one side the banks kept on calling us for instalments while on the other side no construction had even started for the flat I bought in Amrapali Dream Valley" "After today`s verdict we now hope we will soon get our houses," he added. The SC had ordered NBCC to complete the unfinished housing projects of embattled real estate group in Noida and Greater Noida and handover these to the home-buyers after the registration of Amrapali Group was cancelled. A bench of the top court headed by Justice Arun Mishra further directed the Enforcement Directorate (ED) to conduct a detailed investigation against the group for diverting homebuyers` money.

Home buyers happy after cancellation of Amrapali Group's RERA registration

The Supreme Court on Tuesday directed the cancellation of registration of <a href="https://www.wionews.com/india-news/on-ms-dhonis-plea-sc-asks-amrapali-to-disclose-details-of-payments-214717">Amrapali Group</a> and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group in Noida and Greater Noida and handover these to the home-buyers.

A bench of the top court headed by Justice Arun Mishra further directed the Enforcement Directorate (ED) to conduct a detailed investigation against the group for diverting homebuyers` money.

The Supreme Court said that the Real Estate (Regulation and Development) Act, 2016 (RERA) registration of Amrapali Group is cancelled.

The ED will register the money laundering cases against Amrapali Group, its Chief Managing Director, and other directors, the top court stated.

The top court had reserved the verdict on May 10 after hearing in detail the submissions from many parties, including Noida and Greater Noida authorities.

They had submitted to the Supreme Court that they don`t have the money or resources and expertise to finish the rest of the stalled projects of Amrapali Group in Noida and Greater Noida area.

The Supreme Court on Tuesday directed the cancellation of registration of Amrapali Group and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group in Noida and Greater Noida and handover these to the home-buyers.

The Supreme Court on Tuesday directed the cancellation of registration of Amrapali Group and ordered the National Buildings Construction Corporation (NBCC) to complete the unfinished housing projects of embattled real estate group in Noida and Greater Noida and handover these to the home-buyers. A bench of the top court headed by Justice Arun Mishra further directed the Enforcement Directorate (ED) to conduct a detailed investigation against the group for diverting homebuyers` money. The Supreme Court said that the Real Estate (Regulation and Development) Act, 2016 (RERA) registration of Amrapali Group is cancelled. The ED will register the money laundering cases against Amrapali Group, its Chief Managing Director, and other directors, the top court stated. The top court had reserved the verdict on May 10 after hearing in detail the submissions from many parties, including Noida and Greater Noida authorities. They had submitted to the Supreme Court that they don`t have the money or resources and expertise to finish the rest of the stalled projects of Amrapali Group in Noida and Greater Noida area.

Amrapali Group's RERA registration cancelled; NBCC to complete unfinished housing projects: Supreme Court

Former Indian cricket captain MS Dhoni has approached the <a href="https://www.wionews.com/india-news/supreme-court-sends-amrapali-directors-to-police-custody-170427">Supreme Court seeking</a> a direction to the Amrapali Group to settle his dues of &nbsp;Rs 40 crore towards his service to the real estate company as its brand ambassador.&nbsp;

Amrapali roped in former Indian cricket captain as group's brand ambassador in 2009 and Dhoni granted the group the right to use his endorsement in marketing and public relations activities, according to reports. However, Dhoni parted ways with the group in 2016 after a group of duped <a href="https://www.wionews.com/business-economy/sc-issues-contempt-notice-against-3-directors-of-amrapali-group-170918">Amrapali customers </a>launched an online campaign against Dhoni for promoting the company. &nbsp;

The cricketer asked the court to allot&nbsp;him a land parcel belong to the group to protect his financial interest.&nbsp;

Dhoni said that he entered into an agreement with the company to promote their various projects but he was not paid for his endorsements to the tune of 38.95 crore due to him.

The Supreme Court in February&nbsp;allowed the Delhi Police to arrest Amrapali CMD Anil Sharma, along with two other Amrapali associates in a criminal complaint registered against them for cheating thousands of customers who have invested in the group's properties but were not handed over flats.

Former Indian cricket captain MS Dhoni has approached the Supreme Court seeking a direction to the Amrapali Group to settle his dues of Rs 40 crore towards his service to the real estate company as its brand ambassador.

Former Indian cricket captain MS Dhoni has approached the Supreme Court seeking a direction to the Amrapali Group to settle his dues of Rs 40 crore towards his service to the real estate company as its brand ambassador. Amrapali roped in former Indian cricket captain as group's brand ambassador in 2009 and Dhoni granted the group the right to use his endorsement in marketing and public relations activities, according to reports. However, Dhoni parted ways with the group in 2016 after a group of duped Amrapali customers launched an online campaign against Dhoni for promoting the company. The cricketer asked the court to allot him a land parcel belong to the group to protect his financial interest. Dhoni said that he entered into an agreement with the company to promote their various projects but he was not paid for his endorsements to the tune of 38.95 crore due to him. The Supreme Court in February allowed the Delhi Police to arrest Amrapali CMD Anil Sharma, along with two other Amrapali associates in a criminal complaint registered against them for cheating thousands of customers who have invested in the group's properties but were not handed over flats.

Dhoni approaches Supreme Court against Amrapali for Rs 40 crore dues

In a move that has mounted more trouble on the Amrapali CMD Anil Sharma, the Supreme Court of India allowed the Delhi Police to arrest him along with two other Amrapali associates in a criminal complaint registered against them.

The court further directed the police to seize Sharma's assets which includes his properties in south Delhi.

"We had never stopped any agency from arresting the directors, who are presently housed at a hotel under the detention of UP police," the court said.

It also said that the Economic Offences Wing (EoW) of Delhi Police can also arrest Amrapali directors - Shiv Priya and Ajay Kumar in the case.

In a massive crackdown the Amrapali Group for "wilful disobedience" of its orders, the Court had earlier attached the company's 100-bed multi-speciality hospital, bank accounts, the building which houses its office, certain firms and a "benami" Villa in Goa.

The apex court was hearing a batch of petitions filed by homebuyers who are seeking possession of around 42,000 flats booked in different Amrapali projects.

On October 31, the apex court had directed the Amrapali Group to disclose the names of all the companies with which it had any kind of transactions after forensic auditors pointed out that there may be a web of more than 200-250 such firms where home-buyers' money was transferred.

In a move that has mounted more trouble on the Amrapali CMD Anil Sharma, the Supreme Court of India allowed the Delhi Police to arrest him along with two other Amrapali associates in a criminal complaint registered against them.

In a move that has mounted more trouble on the Amrapali CMD Anil Sharma, the Supreme Court of India allowed the Delhi Police to arrest him along with two other Amrapali associates in a criminal complaint registered against them. The court further directed the police to seize Sharma's assets which includes his properties in south Delhi. "We had never stopped any agency from arresting the directors, who are presently housed at a hotel under the detention of UP police," the court said. It also said that the Economic Offences Wing (EoW) of Delhi Police can also arrest Amrapali directors - Shiv Priya and Ajay Kumar in the case. In a massive crackdown the Amrapali Group for "wilful disobedience" of its orders, the Court had earlier attached the company's 100-bed multi-speciality hospital, bank accounts, the building which houses its office, certain firms and a "benami" Villa in Goa. The apex court was hearing a batch of petitions filed by homebuyers who are seeking possession of around 42,000 flats booked in different Amrapali projects. On October 31, the apex court had directed the Amrapali Group to disclose the names of all the companies with which it had any kind of transactions after forensic auditors pointed out that there may be a web of more than 200-250 such firms where home-buyers' money was transferred.

Supreme Court allows Delhi Police to arrest Amrapali CMD, 2 Directors

The Supreme Court on 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.

A bench of Justices U U Lalit and D Y Chandrachud asked the three Amrapali directors -- Anil Kumar Sharma, Shiv Priya and Ajay Kumar to present themselves before SHO of Noida Sector 62 tomorrow before 8 AM.

It directed the Noida police to take them to the sealed properties where the documents of the group's 46 companies will be catalogued.

The apex court also directed Noida SSP to take the three directors to hotel Park Ascent after 6 pm where their cellphones will be seized and they shall spend nights in the hotel for the next 15 days, instead of police lock up.

The top court said they will remain under police surveillance confined to the hotel.

It also said that the sealed properties of Amrapali group in Noida and Greater Noida will be open from 8 AM to 6 PM for cataloguing of documents for next 15 days.

The bench asked the two forensic auditors Ravi Bhatia and Pawan Kumar Aggarwal complete the task of auditing the balance sheet and affairs of 46 Amrapali group companies in next ten weeks time.

Earlier in the day the group had informed the apex court that its nine properties in Noida, Greater Noida as also Rajgir and Buxar in Bihar have been sealed in compliance with the court's order.

The apex court had yesterday ordered the sealing of nine properties of the embattled real estate company after the three directors, who are in police custody, said the documents related to the group's 46 firms were stored there.

The three directors had moved an application before the court stating that they were willing to hand over all documents but the police was unaware about which one needed to be seized.

The directors were taken into police custody on October 9 and the firm was castigated for playing "hide and seek" with the court by not complying with its orders to hand over all documents to forensic auditors.

These directors had told the bench that documents related to Amrapali's 46 group companies were kept in seven locations at Noida and Greater Noida and two premises -- Rajgir and Buxar districts in Bihar.

The bench had then directed that after the sealing of these nine premises, the keys be handed over to the registrar of the apex court.

The court is seized of a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali group.

The Supreme Court on 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.

The Supreme Court on 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. A bench of Justices U U Lalit and D Y Chandrachud asked the three Amrapali directors -- Anil Kumar Sharma, Shiv Priya and Ajay Kumar to present themselves before SHO of Noida Sector 62 tomorrow before 8 AM. It directed the Noida police to take them to the sealed properties where the documents of the group's 46 companies will be catalogued. The apex court also directed Noida SSP to take the three directors to hotel Park Ascent after 6 pm where their cellphones will be seized and they shall spend nights in the hotel for the next 15 days, instead of police lock up. The top court said they will remain under police surveillance confined to the hotel. It also said that the sealed properties of Amrapali group in Noida and Greater Noida will be open from 8 AM to 6 PM for cataloguing of documents for next 15 days. The bench asked the two forensic auditors Ravi Bhatia and Pawan Kumar Aggarwal complete the task of auditing the balance sheet and affairs of 46 Amrapali group companies in next ten weeks time. Earlier in the day the group had informed the apex court that its nine properties in Noida, Greater Noida as also Rajgir and Buxar in Bihar have been sealed in compliance with the court's order. The apex court had yesterday ordered the sealing of nine properties of the embattled real estate company after the three directors, who are in police custody, said the documents related to the group's 46 firms were stored there. The three directors had moved an application before the court stating that they were willing to hand over all documents but the police was unaware about which one needed to be seized. The directors were taken into police custody on October 9 and the firm was castigated for playing "hide and seek" with the court by not complying with its orders to hand over all documents to forensic auditors. These directors had told the bench that documents related to Amrapali's 46 group companies were kept in seven locations at Noida and Greater Noida and two premises -- Rajgir and Buxar districts in Bihar. The bench had then directed that after the sealing of these nine premises, the keys be handed over to the registrar of the apex court. The court is seized of a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali group.

SC issues contempt notice against 3 directors of Amrapali group 

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