Forget celebrating Diwali and Holi after cheating 46,000 homebuyers, SC tells Amrapali CMD
Amit Anand Choudhary | TNN | Oct 31, 2018, 20:25 ISTHighlights
- What about Diwali for 46,000 homebuyers who gave you their life savings and hard earned money for getting home but are suffering: SC
- Forget celebrating Diwali and Holi till you come out with full disclosure about financial transactions of the company: SC bench
NEW DELHI: The Supreme Court on Wednesday turned down the plea of Amrapali group to allow its CMD Anil Sharma and two directors to visit their homes to celebrate Diwali with their family and said that they will remain in police custody till all documents pertaining to financial transactions of the company are not made available to forensic auditor.
They were sent to police custody without being arrested for not complying with apex court order. They were directed to work with forensic auditors in arranging the documents of their companies in day time and were allowed to stay in hotel in Noida at night under the watch of police. They are not allowed to carry phones and also barred from meeting family members.
Appearing before a bench of Justices Arun Mishra and UU Lalit, senior advocate Geeta Luthra requested the court to relax its order putting the CMD and two other directors — Shiv Priya and Ajay Kumar — under police custody without arresting them. She pleaded that they should be allowed to visit home on Diwali.
The bench, however, remained firm and refused to show any leniency. “What about Diwali for 46,000 homebuyers who gave you their life savings and hard earned money for getting home but are suffering. They are suffering as they have to pay EMI and rent also. Interest rate is also going high. You people would not understand their suffering. It is very difficult for those people but you are just thinking about your Diwali. Forget celebrating Diwali and Holi till you come out with full disclosure (about financial transaction of the company),” the court said.
Advocate ML Lahoty, appearing for homebuyers, strongly opposed the plea said that the company had not been complying with SC order and it repeatedly sought time to place all the documents. He said that the case witnessed 24 hearings in the court but the company is still not providing all documents.
The bench, in a lighter vein, said, “People on your side(lawyers) get benefited by number of hearings but it is not the case for this side(judges)”.
They were sent to police custody without being arrested for not complying with apex court order. They were directed to work with forensic auditors in arranging the documents of their companies in day time and were allowed to stay in hotel in Noida at night under the watch of police. They are not allowed to carry phones and also barred from meeting family members.
Appearing before a bench of Justices Arun Mishra and UU Lalit, senior advocate Geeta Luthra requested the court to relax its order putting the CMD and two other directors — Shiv Priya and Ajay Kumar — under police custody without arresting them. She pleaded that they should be allowed to visit home on Diwali.
The bench, however, remained firm and refused to show any leniency. “What about Diwali for 46,000 homebuyers who gave you their life savings and hard earned money for getting home but are suffering. They are suffering as they have to pay EMI and rent also. Interest rate is also going high. You people would not understand their suffering. It is very difficult for those people but you are just thinking about your Diwali. Forget celebrating Diwali and Holi till you come out with full disclosure (about financial transaction of the company),” the court said.
Advocate ML Lahoty, appearing for homebuyers, strongly opposed the plea said that the company had not been complying with SC order and it repeatedly sought time to place all the documents. He said that the case witnessed 24 hearings in the court but the company is still not providing all documents.
The bench, in a lighter vein, said, “People on your side(lawyers) get benefited by number of hearings but it is not the case for this side(judges)”.
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