 "Amrapali")
The Supreme Court on Thursday asked the Amrapali group as to how nearly Rs 152 crore of homebuyers’ money was spent by the company in paying the income-tax of directors of the company. The apex court asked the real estate company to be ready with its reply by the next date of hearing on May 8.
A two-judge Bench of Justices Arun Mishra and U U Lalit came down heavily on the company and said that Amrapali committed a “first-degree crime” by cheating thousands of homebuyers of their dream homes.
The court had also pulled up banks and said that
