The Supreme Court on Thursday allowed Delhi Police to arrest Amrapali group Chairman and Managing Director Anil Sharma and two directors forthwith in a criminal complaint filed against them.
The apex court also directed attachment of personal properties of Sharma and other directors. It said the Economic Offence Wing of Delhi Police can also arrest Amrapali directors—Shiv Priya and Ajay Kumar—in the case.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"We had never stopped any agency from arresting the directors, who are presently housed at a hotel under the detention of UP police," said the bench comprising of Justices Arun Mishra and UU Lalit.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The court is seized of a batch of petitions filed by homebuyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali Group. The three directors including the CMD were in the custody of UP police till now as per the direction of the apex court in the case filed by home buyers.
Now, Delhi Police has been allowed to arrest and interrogate them in a separate case of cheating lodged with its economic offences wing.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
