After sending 3 directors to custody, SC seals 9 Amrapali group properties

SC has also sent 3 directors of the group to police custody, directing them to hand over all the documents of the 46 group companies to forensic auditors

"If the exercise will not be completed, the present status will continue," the bench said and asked the Delhi Police to keep these three directors at the police station but not in the lock up.

The bench said that compliance report of its order be placed before the court and directed that the three directors would also remain present before it tomorrow.

The bench noted the submissions of the counsel appearing for the three directors that the group has received e-mail from the forensic auditors indicating the documents required by them.

The directors also told the court that company wise list of all bank accounts were available till 2015 and after that, raw data was available with them and they would hand over all the documents in entirety.

The bench directed that its order be telephonically communicated to the Superintendent of Police of Rajgir and Buxar so that they could take appropriate steps.

The court is seized of a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali group.

During the hearing, the counsel appearing for the home buyers told the bench that the auditors have given the list of documents required by them and the group should hand over, year wise and company wise, the documents of all their firms.

"We will ensure the presence of these three persons (directors) whenever the forensic auditors want," the bench said, adding, "The basic idea is to have the documents. We will have the forensic auditors tomorrow to know about the modalities and how would they like to proceed".

The two auditors, appointed by the court to conduct forensic audit of Amrapali Group, had yesterday told the court that they have not yet received all the documents.

The bench had noted that as per the two auditors, documents of only two out of 46 firms - Amrapali Zodiac and Amrapali Princely Estates - were handed over to them despite court's order to provide all documents.

The court had also issued notice to all these companies and their directors asking why contempt proceedings be not initiated against them.

It had also directed that other directors of the firm shall surrender their passport to the police and would not leave the country.