Hindustan Times ·
Prioritise attaching assets of Amrapali directors: Supreme Court to ED
Directing the agency to effect recovery of money and sale of attached assets, the court posted the matter to October 26 to review the progress.
The Supreme Court on Wednesday directed the enforcement directorate (ED) to give top priority to attaching assets of former Amrapali directors, observing that the agency had provisionally attached assets worth only ₹283 crore over the past six years, against ₹5,619 crore invested by over 46,000 homebuyers.
Directing the agency to effect recovery of money and sale of attached assets, the court posted the matter to October 26 to review the progress. It reminded the agency that in 2019, the top court had cancelled the RERA licence of Amrapali Group and ordered ED to trace the money siphoned by its erstwhile directors to ensure the stalled projects are completed in time.