 "Amrapali")
Forensic auditors on Thursday told the Supreme Court that Rs 9,590 crore could be recovered from the embattled Amrapali group, which had diverted Rs 3,523 crore of home buyers’ money.
Of the money diverted, as much as Rs 455 crore could be recovered from persons, including directors of the realty firm, their family members and individuals holding key managerial position.
A Bench of Justices Arun Mishra and U U Lalit was told by court-appointed forensic auditors, Pawan Agarwal and Ravi Bhatia, that the firm sold 5,856 flats at throwaway prices and Rs 321.31 crore could be recovered at the current market value.
They
