Master Stroke(06.09.2018): 16 Amrapali properties to be sold to complete unfinished projects: SC

The Supreme Court on Thursday observed that initially 16 properties of Amrapali Group in India, including commercials, would be auctioned and later on the personal properties of the real estate company's promoters and directors will be auctioned or sold to generate money for completion of its unfinished real estate projects.

The apex court division bench, headed by Justice Arun Mishra and also comprising Justice Uday Umesh Lalit, directed to conduct a forensic audit of all the 46 companies or properties of the Amrapali Group and assets of all their directors within two months.
The owner of Amrapali Group, Anil Sharma, is having his own property in Maharani Bagh and one house in Sector 62, Noida in Uttar Pradesh.