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SC asks home buyers to suggest names of auditors to evaluate Amrapali accounts

Press Trust of India  |  New Delhi 

The today asked to suggest names of three auditors who could do forensic of properties of and its finances.

"You should suggest names of three auditors who could the balance sheet and the properties constructed by the Amrapali Group," a bench of Justices and U U Lalit said.

The apex court also sought details of all the directors, who have served in the company since 2008 even for a few months, and their properties.

M L Lahoti, appearing for the home buyers, said that the (CAG) should be asked to do the forensic of the Amrapali properties.

The bench, however, said that it may not be appropriate for CAG and asked the to suggest three names of their choice.

At the outset, appearing for the submitted an affidavit before the court giving details of encumbered and unencumbered properties.

He said that if the properties are auctioned then more than Rs 5,000 crore can be realised and the amount can be used to complete the pending projects.

Bhatia, reading out the affidavit, said that commercial spaces worth over Rs 1000 crore can be sold and the money can be used to complete the pending projects.

Among the properties proposed to be sold by the firm include those situated in Bhubaneswar (Odisha), Vrindavan (Uttar Pradesh), Bareilly (UP), (MP), (Rajasthan), Udaipur (Rajasthan), Raipur (Chhattisgarh), and and in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 21 2018. 20:30 IST