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SC orders attachment of all bank accounts of 40 firms of Amrapali group

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New Delhi, Aug 1 (IANS) The Supreme Court on Wednesday ordered attachment of all bank accounts and movable properties of 40 firms of the real estate major Amrapali Group.

A bench of Justice Arun Mishra and Justice U.U. Lalit came down heavily on Amrapali group of companies for playing “fraud and dirty games” with it and ordered freezing of bank accounts of all the directors of its 40 firms besides attaching their personal properties.

The court also sought details of all its bank accounts from 2008 till Wednesday, and said the group companies shall not be entitled to deal with either the bank accounts or the movable properties in any manner without its permission.

Amrapali Group was also ordered to place before it the names of chartered accountants (CAs), both external and internal, who were handling the accounts of these 40 firms.

It also summoned the chairman of National Buildings Construction Corporation (India) Ltd and the secretary of Ministry of Housing and Urban Affairs for Thursday to explain their stand on the issue.

The bench was anguished as to how the NBCC could proceed with the matter and issue advertisement inviting co-developers for doing the work related to Amrapali group without its approval when the top court was seized of the matter.

The court taking note of alleged diversion of Rs 2,765 crore funds collected from investors by the group said it prima facie amounted to criminal breach of trust, and that it would deal with the issue after hearing the parties.

Amrapali Group is yet to hand over possession of flats to around 42,000 hassled home buyers.

The group was facing insolvency proceedings initiated by the creditor bank for not repaying the loans, and has liabilities of about Rs 3,000 crore towards authorities. It owes over Rs 1,000 crore to about 10 banks, and needs about Rs 3,000 crore to complete its ongoing projects.

The apex court has been hearing a batch of pleas filed by home buyers who have sought quashing of the National Company Law Tribunal order admitting insolvency proceedings against the Amrapali group.

Buyers belong to the low and middle-income groups and must be granted equal protection as other stakeholders — financial and operational creditors — the home buyers’ plea said.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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