Site icon SCC Times

Amrapali Group of Companies| 7 premises sealed; directors  in police custody till the ‘cataloguing’ of the documents : SC

Supreme Court: The Bench comprising of Uday U. Lalit and Dr D.Y. Chandrachud, JJ., gave certain directions pertaining to its earlier order in the case of  “Amrapali Group of Companies Case” and stated that 7 premises have been sealed.

The Apex Court on hearing the submissions and progress stated that for all the sealed premises the keys shall be handed over to the Forensic Auditors. The Forensic Auditors have submitted that the documents in respect of 46 companies have not been kept in a proper manner and are lying in a completely scattered fashion and disorganized manner.

The first task while keeping the note in regard to the “disorganized manner” in which the documents have been kept, the Court stated that this task of organization and cataloguing of the documents correctly is the need at present and further the documents which are presently lying in the custody are not secreted away.

The Supreme Court has further laid down certain directions while keeping the submissions of the Forensic Auditors and others in mind:

The Supreme Court while concluding its order requested the internal auditors, the external auditors and the CFO who had worked with 46 companies in question to render assistance during the time of operation. Also, the three applicants will every day be brought to Hotel Park Ascent where they won’t be allowed to access mobiles or telephones or facility of meeting anyone without authorization by police.

The proceedings before DRT, Delhi in pursuance to this Court’s order are fixed for 15-10-2018, for which the representatives of the applicants shall be sent for representation with all the relevant documents and information.

The matter has been further listed for 24-10-2018. [Bikram Chatterji v. Union of India,2018 SCC OnLine SC 1923, Order dated 11-10-2018]

Exit mobile version