The Supreme Court has directed NBCC [National Building Construction Company] to start the tender procedure in order to know the construction cost of the residential projects of the Amrapali group which falls under Category A and B.
The architects of the Amrapali group are also directed by the court to cooperate with NBCC regarding the same. Apart from this, the apex court also directed the Amrapali group to notify about its total pending dues to Noida and Greater Noida authority. The three existing directors of the Amrapali group are yet to file their particulars and the details of the former directors of the Amrapali group have also not filed their particulars. This was informed during the hearing of the case.
The Supreme Court directed the Amrapali group to submit details including the names and assets of all current and former directors of the group after knowing about the non-filing of the particulars.
The directors of the Amrapali group have been directed to be present at every hearing with all original documents and sanction plans in the Debt Recovery Tribunal also known as the DRT. The Supreme Court also sought original documents/sanction plans of all the projects including their property values. The list of properties given by the Amrapali group to the Debt Recovery tribunal is said to be factually incorrect and thus the DRT will take a decision on encumbered properties of the company.
The Supreme Court has directed statutory auditors to handover the financial documents of the group from 2008-2015 to forensic auditors who are appointed by the Court in September. Whereas, the Amrapali group is asked to provide details from 2015-2018 to the forensic auditors.
Ravi Bhatia, the auditor of Bhatia and Company and Pawan Kumar Aggarwal, the auditor of Sharp and Company are appointed as the forensic auditors by the court in September 2018 and the next hearing of the case is scheduled for Oct 9.